{"id":"C1915A00023","name":"Loan Act 1915","slug":"loan-act-1915","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"23 of 1915","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":18981,"registerId":"commonwealth-C1915A00023-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan Act 1915","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. 23 of 1915.\n\nAn Act to authorize the Raising and Expending of the sum of One million five hundred thousand pounds for the Construction of a Railway from Kalgoorlie to Port Augusta.\n\n[Assented to 31st July, 1915.]\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 1915.\n\nTreasurer may borrow £1,500,000.\n\n2 The Treasurer may from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911-1915 or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the amount of One million five hundred thousand 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":1498},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 1915 Act with an extremely narrow scope limited exclusively to borrowing for the Kalgoorlie-Port Augusta railway. There are no amendments, expansions, or mission creep beyond the original infrastructure financing purpose."},"complexity_factors":["Only 3 operative sections total","No definitions or interpretation section","Single, unconditional purpose with no exceptions","Only one external legislative reference","No administrative bodies, regulatory frameworks, or compliance mechanisms"],"plain_english_summary":"This Act authorizes the Commonwealth to borrow up to £1.5 million (1915 currency) to fund construction of the railway linking Kalgoorlie (WA) to Port Augusta (SA). The Treasurer may raise the money through government bonds (inscribed stock) or short-term Treasury bills. It financed the Trans‑Australian Railway’s central section, enabling Australia’s first coast‑to‑coast rail link and major nation‑building transport improvements."}},"importantCases":[],"_links":{"self":"/api/acts/loan-act-1915","history":"/api/acts/loan-act-1915/history","analysis":"/api/acts/loan-act-1915/analysis","conflicts":"/api/acts/loan-act-1915/conflicts","importantCases":"/api/acts/loan-act-1915/important-cases","documents":"/api/acts/loan-act-1915/documents"}}