STATE GRANT (SPECIAL ASSISTANCE TO SOUTH AUSTRALIA).
No. 16 of 1960.
An Act to grant Financial Assistance to the State of South Australia.
[Assented to 17th May, 1960.]
BE it enacted by the Queen’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 State Grant (Special Assistance to South Australia) Act 1960.
Commencement.
2. This Act shall come into operation on the day on which it receives the Royal Assent.
Payment of Financial Assistance to State of South Australia.
3. There is payable, during the year that commenced on the first day of July, One thousand nine hundred and fifty-nine, to the State of South Australia, for the purpose of financial assistance, in addition to the amount payable to that State under the States Grants (Special Assistance) Act 1959, the amount of One million and twenty-seven thousand pounds.
Appropriation.
4. Payments in accordance with this Act shall be made out of the Consolidated Revenue Fund, which is appropriated accordingly.
Overview
The State Grant (Special Assistance to South Australia) Act 1960 was enacted to provide additional financial assistance to the State of South Australia in light of particular economic or fiscal challenges it faced. This Act, assented to on 17 May 1960, was introduced by the Parliament of Australia with the objective of supplementing the existing financial aid framework established under the States Grants (Special Assistance) Act 1959. By appropriating an additional sum of £1,027,000 to be paid during the fiscal year commencing 1 July 1959, the Act aimed to support South Australia's financial needs, thereby enabling the state to manage its economic difficulties more effectively. This Act highlights the Commonwealth's role in supporting state economies through targeted financial aid.
Scope and Application
The State Grant (Special Assistance to South Australia) Act 1960 applies specifically to the financial assistance provided to the State of South Australia for a particular fiscal year, as stated in the Act. This Act is a Commonwealth legislation that outlines the appropriation of funds from the Consolidated Revenue Fund to the State of South Australia for the purpose of providing additional financial assistance beyond what is stipulated under the States Grants (Special Assistance) Act 1959. The Act applies exclusively to the State of South Australia, targeting its fiscal needs as identified in the appropriations for the specified year. This legislation ensures that the financial assistance is disbursed as intended and governed by the terms of the Act, which came into effect on the day of Royal Assent.
The geographic and jurisdictional reach of this Act is limited to the Commonwealth level, focusing on the financial relationship between the federal government and the State of South Australia. The Act does not explicitly mention any exclusions, exemptions, or thresholds beyond the scope of the financial assistance granted. The Act itself does not extend or restrict its application through subordinate instruments, as the provisions are self-contained and directly address the specified grant. This Act remains a focused piece of legislation aimed at ensuring the timely and appropriate allocation of financial resources to meet the particular needs of South Australia as identified by the Commonwealth.
Key Provisions
The main operative sections of the State Grant (Special Assistance to South Australia) Act 1960 are clearly defined, with the key requirement being the financial assistance provided to the State of South Australia. Section 3 stipulates that, in addition to the amount payable under the States Grants (Special Assistance) Act 1959, an additional sum of One million and twenty-seven thousand pounds is payable to South Australia for the financial year starting 1 July 1959. This amount is specifically designated for financial assistance. The Act comes into operation immediately upon receiving Royal Assent, as outlined in Section 2, ensuring swift implementation of the financial aid provisions. The payments required under this Act are to be made from the Consolidated Revenue Fund, as appropriated in Section 4.
The obligations and requirements imposed by this Act primarily revolve around the financial disbursement process. The Act mandates that the specified amount of One million and twenty-seven thousand pounds be paid to the State of South Australia, in addition to any other financial assistance already provided under the States Grants (Special Assistance) Act 1959. This payment must be sourced from the Consolidated Revenue Fund, as detailed in Section 4. The Act's provisions ensure that the funds are allocated specifically for financial assistance to South Australia, thereby clarifying the purpose and scope of the financial aid.
In terms of legal consequences, the Act does not explicitly outline specific offences, penalties, or consequences for non-compliance within its text. However, the failure to adhere to the requirements set forth in the Act, particularly in terms of timely and accurate disbursement of funds, could potentially lead to legal repercussions. While the Act does not specify maximum penalties, non-compliance with financial obligations under such legislative acts could result in civil or administrative penalties, depending on the circumstances and relevant legal frameworks in place at the time of any breach.