Loan (War Service Land Settlement) Act 1977
No. 40 of 1977
An Act to authorize the Raising and Expending of a sum not exceeding $3,000,000 for a Defence Purpose, namely, Financial Assistance to South Australia, Western Australia and Tasmania in connexion with War Service Land Settlement
Contents
1 Short title
2 Commencement
3 Authority to borrow $3,000,000
4 Application of moneys
Loan (War Service Land Settlement) Act 1977
No. 40 of 1977
An Act to authorize the Raising and Expending of a sum not exceeding $3,000,000 for a Defence Purpose, namely, Financial Assistance to South Australia, Western Australia and Tasmania in connexion with War Service Land Settlement
[Assented to 7 June 1977]
Be it enacted by the Queen, and the Senate and House of Representatives of the Commonwealth of Australia, as follows:—
1 Short title
This Act may be cited as the Loan (War Service Land Settlement) Act 1977.
2 Commencement
This Act shall come into operation on the day on which it receives the Royal Assent.
3 Authority to borrow $3,000,000
The Treasurer may, from time to time, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911, or in accordance with the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole $3,000,000.
4 Application of moneys
Moneys borrowed under this Act shall be issued and applied only for the expenses of borrowing and for the purpose of financial assistance to South Australia, Western Australia and Tasmania in accordance with sub‑section 2(1) of the States Grants (War Service Land Settlement) Act 1952.