STATES GRANTS (ADDITIONAL ASSISTANCE) (No. 2).
No. 58 of 1962.
An Act to grant and apply out of the Consolidated Revenue Fund sums for the purpose of Additional Financial Assistance to the States.
[Assented to 23rd August, 1962.]
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 States Grants (Additional Assistance) Act (No. 2) 1962.
Commencement.
2. This Act shall come into operation on the day on which it receives the Royal Assent.
Financial assistance to States.
3.—(1.) There is payable to each State, during the year that commenced on the first day of July, One thousand nine hundred and sixty-two, for the purpose of financial assistance, the amount specified in the Schedule to this Act opposite to the name of the State.
(2.) The amount payable to a State under this Act is payable by instalments, the times and amounts of which shall be as determined by the Treasurer.
Appropriation.
4. Payments in accordance with this Act shall be made out of the Consolidated Revenue Fund, which is appropriated accordingly.
THE SCHEDULE. Section 3.
——
| £ |
New South Wales.................................... | 3,044,000 |
Victoria.......................................... | 2,442,000 |
Queensland........................................ | 3,640,000 |
South Australia..................................... | 1,312,000 |
Western Australia.................................... | 894,000 |
Tasmania......................................... | 1,168,000 |
| 12,500,000 |