Re-establishment and Employment (Allowances and Loans--Agricultural Occupations) Regulations (Amendment)

Legislation au C2004L01908 Regulations Not in force Legislative Instrument

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STATUTORY RULES.

1948. No. .

 

REGULATION UNDER THE RE-ESTABLISHMENT AND EMPLOYMENT ACT 1945.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Re-establishment and Employment Act 1945.

Dated this twenty-third day of June, 1948.

W. J. McKell

Governor-General.

By His Excellency’s Command,

Minister of State for Post-war Reconstruction.

 

Amendment of the Re-establishment and Employment (Allowance and Loans—Agricultural Occupations) Regulations.†

Regulation 4 of the Re-establishment and Employment (Allowances and Loans—Agricultural Occupations) Regulations is repealed and the following regulation inserted in its stead:—

Interest on loans.

“4.–(1.) For the purposes of this regulation—

(a) any reference to ‘other loans under the Act’ shall be read as a reference to ‘loans’ within the meaning of the Re-establishment and Employment (Allowances and Loans) Regulations and to training loans;

(b) any reference to ‘loans under the Australian Soldiers’ Repatriation Regulations’ shall be read as a reference to ‘loans’ within the meaning of the Australian Soldiers’ Repatriation Regulations;

(c) ‘training loan’ means any loan, made under Part III. of the Act to a trainee under the Commonwealth Reconstruction Training Scheme, which has become due for repayment to the Commonwealth.

“(2.) For the purpose of ascertaining the rate of interest (if any) payable on a loan, or portion of a loan, made under Division 3 of Part VI. of the Act to any one eligible person in respect of an agricultural occupation, whether before or after the commencement of this regulation, the amounts of all such loans, shall be added to the amounts of all other loans under the Act, all loans under the Australian Soldiers’ Repatriation Regulations and all loans under the Interim Forces Benefits Regulations made or granted to that person and—

(a) where the aggregate amount of the loans does not exceed Fifty pounds, no interest shall be charged;

 

* Notified in the Commonwealth Gazette on , 1948.

† Statutory Rules 1945, No. 182, as amended by Statutory Rules 1946, Nos. 5 and 180.

1409.—Price 3d. 10/19.4.1948.

(b) where the aggregate amount of the loans exceeds Fifty pounds, but does not exceed Two hundred and fifty pounds, interest at the rate of two per centum per annum shall be charged on the amount by which the aggregate amount exceeds Fifty pounds;

(c) where the aggregate amount of the loans exceeds Two hundred and fifty pounds, but does not include a training loan, or includes a training loan of Two hundred and fifty pounds or less, interest, shall be charged at the rate of two per centum per annum on the first Two hundred pounds of the aggregate amount in excess of Fifty pounds and at the rate of three and three-quarters per centum per annum on so much of the aggregate amount as exceeds Two hundred and fifty pounds; or

(d) where the aggregate amount of the loans exceeds Two hundred and fifty pounds and includes a. training loan of more than Two hundred and fifty pounds, interest at the rate of two per centum per annum shall be charged on the amount by which the training loan exceeds Fifty pounds, and interest at the rate of three and three-quarters per centum per annum, on the amount by which the aggregate amount exceeds the amount of the training loan.”.

 

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.

Overview

The Statutory Rules 1948 No. 1948, made under the Re-establishment and Employment Act 1945, was enacted to amend the Re-establishment and Employment (Allowances and Loans—Agricultural Occupations) Regulations. This legislative instrument was introduced to address the need for a revised framework governing interest rates on loans made to eligible persons under the Act, particularly those engaged in agricultural occupations. The enactment body for this regulation was the Governor-General in Council, acting on the advice of the Minister of State for Post-war Reconstruction. The overarching policy objective of these regulations is to provide clear guidelines for the interest charges on various types of loans, ensuring that they are fair and manageable for the recipients, particularly those re-establishing themselves in agricultural sectors post-war.

Scope and Application

The Re-establishment and Employment (Allowance and Loans—Agricultural Occupations) Regulations, made under the Re-establishment and Employment Act 1945, apply to individuals who have been granted loans for agricultural occupations, whether before or after the commencement of these Regulations. The Regulations pertain specifically to the interest rates applicable to loans made under Division 3 of Part VI of the Act to eligible persons engaged in agricultural occupations. The interest rates vary depending on the total amount of loans, with specific thresholds set at Fifty pounds and Two hundred and fifty pounds. Additionally, these Regulations account for loans under other acts, including the Australian Soldiers' Repatriation Regulations and the Interim Forces Benefits Regulations. The scope of these Regulations is confined to the Commonwealth of Australia and is subject to amendment through subordinate instruments.

Key Provisions

The main operative sections of this regulation are found in the amended section 4 of the Re-establishment and Employment (Allowances and Loans—Agricultural Occupations) Regulations (section 4(1) and (2)). Section 4(1) defines the terms 'other loans under the Act', 'loans under the Australian Soldiers’ Repatriation Regulations', and 'training loan'. Section 4(2) sets out the interest rates applicable to loans made under Division 3 of Part VI of the Act, depending on the aggregate amount of loans. The obligations imposed by this regulation include the calculation of interest on loans made under the Act based on the total amount of loans, including those made under other related regulations. It mandates that no interest is charged if the total loan amount is fifty pounds or less. If the total exceeds fifty pounds, interest rates vary depending on whether the aggregate amount exceeds two hundred and fifty pounds, with further differentiation based on the inclusion and amount of training loans. For breaches of this regulation, there are no explicit criminal or civil penalties mentioned in the statutory rules. However, failure to comply with the interest calculation requirements could potentially result in disputes or financial discrepancies between the Commonwealth and the beneficiaries of these loans. Such non-compliance could lead to investigations or corrective actions under the broader legislative framework of the Re-establishment and Employment Act 1945.

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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.