{"id":"C1914A00030","name":"Loan Act 1914","slug":"loan-act-1914","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"30 of 1914","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":12752,"registerId":"commonwealth-C1914A00030-current","compilationNumber":null,"startDate":"2026-03-31","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan Act 1914","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n \n\nLOAN.\n\n \n\nNo. 30 of 1914.\n\nAn Act to authorize the raising and expending of the sum of Two million pounds for the construction of a Railway from Kalgoorlie to Port Augusta.\n\n[Assented to 21st December, 1914.]\n\nBE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—\n\nShort title.\n\n1. This Act may be cited as the Loan Act 1914.\n\nTreasurer may borrow £2,000.000.\n\n2. The Treasurer may from time to time under the provisions of the Commonwealth Inscribed Stock Act 1911-1913 or under the provisions of any Act authorizing the issue of Treasury Bills borrow moneys not exceeding in the whole the amount of Two million pounds.\n\nPurpose for which money may be expended.\n\n3. The amount borrowed shall be issued and applied only for the expenses of borrowing and for the construction of a railway from Kalgoorlie to Port Augusta.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1843},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The Act remains tightly scoped to its original purpose: borrowing £2 million specifically for the Kalgoorlie to Port Augusta railway. No expansion of purpose or additional expenditure powers have been added."},"complexity_factors":["Only 3 operative sections","Single, specific purpose (railway construction)","No defined terms or interpretation provisions","Minimal cross-referencing (sole reference to Commonwealth Inscribed Stock Act 1911-1913)","No exceptions, conditions, or procedural requirements beyond the borrowing authorization"],"plain_english_summary":"**What it does:** This Act gives the Federal Treasurer the green light to borrow up to £2 million (two million pounds) to build a railway connecting Kalgoorlie in Western Australia to Port Augusta in South Australia.\n\n**The fine print:** The Treasurer can raise the cash either by issuing government bonds (under the *Commonwealth Inscribed Stock Act 1911-1913*) or by issuing Treasury Bills. But there’s a strict rule: every penny must go toward either the railway construction itself or the costs of arranging the loan. No dipping into the kitty for other projects.\n\n**Why it matters:** This legislation bankrolled the Trans-Australian Railway—the final link that connected Western Australia to the eastern states by rail. It’s essentially a simple IOU authorization with a very specific shopping list."}},"importantCases":[],"_links":{"self":"/api/acts/loan-act-1914","history":"/api/acts/loan-act-1914/history","analysis":"/api/acts/loan-act-1914/analysis","conflicts":"/api/acts/loan-act-1914/conflicts","importantCases":"/api/acts/loan-act-1914/important-cases","documents":"/api/acts/loan-act-1914/documents"}}