INVALID AND OLD-AGE PENSIONS APPROPRIATION.
No. 30 of 1922.
An Act to grant and apply out of the Consolidated Revenue Fund a sum for Invalid and Old-age Pensions.
[Assented to 18th October, 1922.]
Preamble.
BE it enacted by the King’s 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 Invalid and Old-age Pensions Appropriation Act 1922.
Appropriation of £10,000,000 for invalid and old-age pensions.
2. There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, for the purposes of the Trust Account established under the Audit Act 1901–1920, and known as the Invalid and Old-age Pensions Fund the sum of Ten million pounds for invalid and old-age pensions.
Date of commencement.
3. This Act shall be deemed to have come into operation on the first day of July, One thousand nine hundred and twenty-two.
Overview
The Invalid and Old-age Pensions Appropriation Act 1922 was enacted by the Commonwealth Parliament to address the need for financial support for individuals who were unable to work due to disability or advanced age. This Act was crucial in providing a legislative basis for the allocation of funds specifically intended for the Invalid and Old-age Pensions Fund, ensuring that resources were available for those who were in need of such support. The policy objective, as reflected in the text, was to provide financial assistance to individuals who were unable to work due to disability or old age, thereby addressing a gap in social security provisions at the time.
Scope and Application
The Invalid and Old-age Pensions Appropriation Act 1922 applies to the allocation of a substantial sum from the Consolidated Revenue Fund to establish the Invalid and Old-age Pensions Fund, under the oversight of the Trust Account provisions as outlined in the Audit Act 1901–1920. This Act ensures the appropriation of Ten million pounds specifically for invalid and old-age pensions, providing financial support for those who are unable to work due to disability or for elderly individuals who require pension assistance. Geographically, the Act operates under the Commonwealth jurisdiction, impacting the entire nation. The Act does not specify any exclusions, exemptions, or thresholds within its text, nor does it mention extensions or restrictions through subordinate instruments. The Act came into operation on 1 July 1922, marking the commencement of the financial provisions for the designated pensions.
Key Provisions
The Invalid and Old-age Pensions Appropriation Act 1922 (section 1) provides for the appropriation of a sum of money for the purposes of invalid and old-age pensions. This Act allows for the payment of ten million pounds out of the Consolidated Revenue Fund into the Invalid and Old-age Pensions Fund, which is established under the Audit Act 1901–1920 (section 2). The Act came into operation on 1 July 1922 (section 3).
The Act imposes an obligation on the government to ensure that the appropriated funds are used strictly for the purposes of invalid and old-age pensions. This means that the money is to be deposited into the Invalid and Old-age Pensions Fund and should be used to support individuals who are unable to work due to disability or those who have reached an age where they are no longer able to work. The Act does not impose specific obligations on other parties or entities beyond ensuring that the funds are used for their intended purposes.
There are no specific offences, penalties, or civil/criminal consequences outlined in this Act for breach of its provisions. The Act's primary focus is on the appropriation and allocation of funds rather than on enforcement mechanisms or punitive measures for non-compliance. However, it is implied that any misuse of the appropriated funds would be subject to the general legal and administrative oversight mechanisms in place for public funds in Australia.