Science and Industry Appropriation Act 1928

Overview

The Science and Industry Appropriation Act 1928 was enacted by the Commonwealth Parliament to address the need for dedicated funding for scientific and industrial research in Australia. The Act was introduced to ensure that a specific amount of money, in this case £250,000, was allocated for these purposes, building upon the framework established by the Science and Industry Research Act 1920–1926. This allocation was intended to facilitate further advancements in science and industry, thereby contributing to the nation's economic and technological development. The policy objective, as stated in the Act, is to support the ongoing work of the Science and Industry Investigation Trust Account, which was established to foster research and development in these crucial areas.

Scope and Application

The Science and Industry Appropriation Act 1928 is a legislative instrument designed to allocate a specific sum from the Consolidated Revenue Fund to support scientific and industrial research within Australia. This Act applies directly to the appropriation of £250,000 for the Science and Industry Investigation Trust Account, established under the Science and Industry Research Act 1920–1926. The allocation is intended to facilitate scientific and industrial research activities across various sectors within the Commonwealth of Australia. The Act's jurisdictional reach is confined to the national level, impacting entities engaged in scientific and industrial research throughout the country. There are no specific exclusions, exemptions, or thresholds outlined within the text of the Act itself; however, the application and administration of these funds may be subject to further regulations or guidelines set out in subordinate instruments or other legislative provisions.

Key Provisions

The Science and Industry Appropriation Act 1928 primarily allocates a specific sum from the Consolidated Revenue Fund for scientific and industrial investigation (section 2). The Act authorises the payment of £250,000 into the Science and Industry Investigation Trust Account, established under the Science and Industry Research Act 1920–1926 (section 2). This funding is intended to support scientific and industrial research initiatives. The Act imposes certain obligations on the parties involved, particularly in the management and utilisation of the appropriated funds. It mandates that the money be allocated to the designated Trust Account, ensuring that the funds are directed towards their intended purpose. Furthermore, the Act likely necessitates compliance with the existing guidelines and regulations governing the Trust Account as established under the preceding Act. Breach of the provisions within the Science and Industry Appropriation Act 1928 could result in various consequences. While specific offences and penalties are not detailed in the provided excerpt, any misuse or misallocation of the appropriated funds could lead to legal repercussions. This might include civil actions for financial restitution or criminal charges for fraudulent activities related to the misuse of public funds. The penalties for such breaches could range from fines to potential imprisonment, depending on the severity and intent behind the breach. However, the exact penalties would be governed by other relevant legislation pertaining to financial misconduct and public trust violations.