Advances to Settlers Act 1923

Legislation au C1923A00019 Not in force Act

Legislation content

 

ADVANCES TO SETTLERS.

 

No. 19 of 1923.

An Act to provide for the Supply of Wire Netting to Settlers.

[Assented to 1st September, 1923.]

Preamble.

BE it enacted by the Kings Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, for the purpose of appropriating the grant originated in the House of Representatives, as follows:—

Short title.

1. This Act may be cited as the Advances to Settlers Act 1923.

Commencement.

2. This Act shall be deemed to have commenced on the thirtieth day of June One thousand nine hundred and twenty-three.

Trust Account.

3. For the purposes of this Act there shall be established in the books of the Treasury a Trust Account which shall be known as the


Advances to the States for the benefit of Settlers Trust Account and that account shall be a Trust Account for the purposes of section sixty-two a of the Audit Act 1901-1920.

Payments to Trust Account.

4.—(1.) There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, an amount not exceeding Two hundred and fifty thousand pounds, for the purposes of this Act.

(2.) The amount appropriated by this Act shall be deemed to have been paid to the Trust Account on the thirtieth day of June One thousand nine hundred and twenty-three and to have formed part of that Account on that date.

Loans from Trust Account.

5.—(1.) The Minister may, out of the moneys standing to the credit of the Trust Account, make advances to the States and the Northern Territory for the purchase of wire netting.

(2.) Any wire netting so purchased may be supplied to settlers in the Commonwealth at such price, upon such conditions and security, and subject to such terms as to payment, as are prescribed.

Repayments to Trust Account.

6. Any moneys received by way of payment for wire netting supplied under this Act shall be paid to the Trust Account.

Regulations.

7. The Governor-General may make regulations, not inconsistent with this Act, prescribing all matters which are required or permitted to be prescribed, or which are necessary or convenient to be prescribed, for carrying out or giving effect to this Act.

 

Overview

The Advances to Settlers Act 1923 was enacted to facilitate the supply of wire netting to settlers across Australia, addressing the need for agricultural infrastructure to support settlers' needs. Passed by the Australian Parliament, the Act aimed to assist in the settlement and development of new agricultural lands by providing financial support through a Trust Account for the purchase of wire netting. This was intended to aid in the establishment of protective measures necessary for successful farming and settlement. The Act establishes a Trust Account within the Treasury, known as the "Advances to the States for the benefit of Settlers Trust Account," which receives an appropriation from the Consolidated Revenue Fund. The Minister is authorised to make advances to the states and territories from this account for purchasing wire netting, which can then be supplied to settlers under specified terms and conditions. Any repayments received for the supplied wire netting are to be deposited back into the Trust Account, ensuring the continuity and sustainability of the funding for such purchases.

Scope and Application

The Advances to Settlers Act 1923 applies to the Minister, who is empowered to make advances to the States and the Northern Territory for the purchase of wire netting. This Act is designed to facilitate the supply of wire netting to settlers across the Commonwealth. The Act establishes a Trust Account in the books of the Treasury to manage the appropriated funds for this purpose. The Act's financial allocation and its primary function of supplying wire netting to settlers indicate its intended beneficiaries are primarily agricultural settlers within the Commonwealth. The geographical scope of the Act extends to all states and the Northern Territory, as the Minister can make advances to these regions for purchasing wire netting. The Act does not specify any exclusions or exemptions, but it does provide for the creation of regulations by the Governor-General to implement its provisions. These regulations must be consistent with the Act and can cover any matter necessary for its execution. The Act itself does not impose any thresholds but leaves the specifics of pricing, conditions, and security to be determined through the regulations.

Key Provisions

The primary sections of the Advances to Settlers Act 1923 (section 1) establish the framework for the Act's operation, including the creation of a Trust Account for the benefit of settlers (section 3). This Trust Account, known as the "Advances to the States for the benefit of Settlers Trust Account" (section 3), is to receive a specified appropriation of funds from the Consolidated Revenue Fund (section 4). The Minister is empowered to make advances from this Trust Account to the states and the Northern Territory for the purchase of wire netting, which can then be supplied to settlers (section 5). The Act also mandates that any revenue generated from the sale of wire netting be returned to the Trust Account (section 6). Finally, the Governor-General has the authority to create regulations necessary to implement the Act (section 7). The Act imposes several obligations on the parties involved. The Minister is responsible for making advances from the Trust Account to the states and the Northern Territory for the purchase of wire netting (section 5). The states and the Northern Territory are then required to supply the wire netting to settlers under the conditions and terms specified by the regulations (section 5). Furthermore, any revenue collected from the sale of wire netting must be deposited back into the Trust Account (section 6). The Governor-General, in turn, is tasked with creating regulations that are necessary or convenient for the execution of the Act, ensuring that all provisions are properly carried out (section 7). Under the Advances to Settlers Act 1923, there are potential civil or criminal consequences for breaches of its provisions. While the Act itself does not explicitly outline specific offences or penalties, breaches of regulations made under the Act could lead to legal action. For example, if a state or the Northern Territory fails to adhere to the terms for supplying wire netting or neglects to remit collected funds to the Trust Account, this could result in legal proceedings. The specific penalties for such breaches would depend on the regulations and any applicable laws governing the administration of the Trust Account and the supply of wire netting. The Act's focus is primarily on establishing the framework and financial mechanisms, leaving the detailed enforcement and penalty provisions to be defined in the regulations or other relevant legislation.

Legal classification tags

Area of Law
Finance & Banking Law
Instrument
Act
Concepts
Commencement Provisions
Trust Account
Regulatory Standards

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.