TASMANIA GRANT.
No. 13 of 1923.
An Act to grant and apply out of the Consolidated Revenue Fund a sum for the purposes of Financial Assistance to the State of Tasmania.
[Assented to 22nd August, 1923.]
Preamble.
BE it enacted by the King’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 Tasmania Grant Act 1923.
Appropriation of £85,000 for financial assistance to Tasmania.
2. There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, for the purposes of financial assistance to the State of Tasmania during the year ending the thirtieth day of June One thousand nine hundred and twenty-four, the sum of Eighty-five thousand pounds.
Instalments to be determined by Treasurer.
3. The amount payable under this Act shall be paid in such instalments as the Treasurer may determine.
Overview
The Tasmania Grant Act 1923 was enacted to provide financial assistance to the State of Tasmania from the Commonwealth's Consolidated Revenue Fund, responding to a need for financial support to aid in the state's economic stability and development. Assented to by the King's Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia on 22nd August 1923, the Act was designed to appropriate £85,000 to Tasmania for the fiscal year ending 30th June 1924. The Act allows for the disbursement of this sum in instalments as determined by the Treasurer, ensuring flexibility in the application of the grant to meet Tasmania's financial requirements effectively. This legislative measure was a response to a recognised shortfall in state revenue, aimed at supporting Tasmania's fiscal health and enabling the state to undertake necessary expenditures and projects.
Scope and Application
The Tasmania Grant Act 1923 is a Commonwealth Act that appropriates funds from the Consolidated Revenue Fund for the purpose of providing financial assistance to the State of Tasmania. This Act, enacted by the Parliament of Australia, authorises the payment of £85,000 to Tasmania for the financial year ending 30 June 1924. The Act applies to the State of Tasmania, providing it with the specified financial assistance as outlined within the Act. The geographic reach of this Act is limited to the Commonwealth level, with no explicit mention of any state-specific provisions or exclusions. The Act empowers the Treasurer to determine the instalments in which the payment will be made to Tasmania. There are no explicit exclusions, exemptions, or thresholds mentioned in the Act, and it does not extend or restrict its application through any subordinate instruments.
Key Provisions
The Tasmania Grant Act 1923 (sections 1-3) outlines the grant of £85,000 to the State of Tasmania from the Consolidated Revenue Fund for financial assistance during the fiscal year ending June 30, 1924. This Act, which may be cited as the Tasmania Grant Act 1923, specifies the appropriation of funds for a particular purpose and provides the mechanism through which these funds will be disbursed. Under section 2, the specified sum of £85,000 is earmarked for Tasmania, and section 3 delegates the responsibility of determining the payment instalments to the Treasurer.
The Act imposes specific obligations on the government entities involved. The primary obligation is the appropriation of the stated sum to Tasmania, as delineated in section 2. Additionally, section 3 places the responsibility on the Treasurer to decide the schedule and amounts for the instalments. This grants the Treasurer flexibility in managing the disbursement of funds, ensuring that payments can be tailored to align with fiscal policies or other financial commitments.
In terms of potential breaches, the Act does not explicitly outline offences, penalties, or consequences for non-compliance within its text. However, failure to adhere to the provisions of the Act could lead to broader legal and administrative repercussions, such as inquiries into the management of public funds or actions under other legislative frameworks that govern fiscal accountability and transparency. The Act's primary focus appears to be the clear appropriation and distribution of funds rather than punitive measures for non-compliance.