{"id":"C1929A00033","name":"Loan Act 1929","slug":"loan-act-1929","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"33 of 1929","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":3496,"registerId":"commonwealth-C1929A00033-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan Act 1929","content":"LOAN.\n\nNo. 33 of 1929.\n\nAn Act to authorize the Raising and Expending of certain Sums of Money.\n\n\\[Assented to 17th December, 1929.\\]\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 1929.\n\nAuthority to borrow £6,300,000.\n\n2. The Treasurer may from time to time under the provisions of the Commonwealth Inscribed Stock Act 1911-1927, or under the\n\n \n\nprovisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the amount of Six million three hundred thousand pounds.\n\nPurpose for which money may be borrowed.\n\n3. The amount borrowed shall be issued and applied only for the expenses of borrowing and for the purposes of appropriations made or to be made by law.\n\nIssue and application of £6,045,795.\n\n4. There may be issued and applied out of the proceeds of any Loan raised under the authority of any Loan Act, including the present Act, the sum of Six million and forty-five thousand seven hundred and ninety-five pounds for the purposes set forth in the Schedule to this Act.\n\nUnexpended Appropriations lapse.\n\n5. Where on the thirtieth day of June One thousand nine hundred and twenty-nine there remained unexpended any moneys appropriated by the Loan Act (No. 1) 1928 and Loan Act (No. 2) 1928, the appropriation of the moneys so remaining unexpended shall be deemed to have lapsed on that date:\n\nProvided that any moneys appropriated by the Loan Act (No. 2) 1928 for the purposes of loan to the Federal Capital Commission and remaining unexpended on the thirtieth day of June One thousand nine hundred and twenty-nine shall not lapse on that date.\n\nSCHEDULE.\n\n—\n\nABSTRACT.\n\n| | £ |\n| ------------------------------------------------------- | --------- |\n| WAR AND REPATRIATION SERVICES......................... | 1,035,000 |\n| THE PRIME MINISTER’S DEPARTMENT........................ | 115,000 |\n| THE DEPARTMENT OF THE TREASURY........................ | 616,000 |\n| THE DEPARTMENT OF HOME AFFAIRS........................ | 8,500 |\n| THE DEPARTMENT OF DEFENCE............................. | 246,500 |\n| THE DEPARTMENT OF TRADE AND CUSTOMS.................. | 27,345 |\n| THE DEPARTMENT OF WORKS.............................. | 245,000 |\n| THE POSTMASTER-GENERAL’S DEPARTMENT.................. | 2,800,000 |\n| THE DEPARTMENT OF HEALTH............................. | 15,000 |\n| THE DEPARTMENT OF MARKETS AND TRANSPORT.............. | 430,000 |\n| FEDERAL CAPITAL COMMISSION............................ | 384,500 |\n| NORTH AUSTRALIA COMMISSION........................... | 122,100 |\n| REDEMPTIONS— | |\n| NORTHERN TERRITORY................................. | 850 |\n| Total........................... | 6,045,795 |\n\n \n\n```html\n

Schedule—continued.

Appropriated by this Act

WAR AND REPATRIATION SERVICES.

£

Under Control of Department of Health.

Repatriation Commission.

Soldiers’ Mental Hospital, Bundoora, Victoria........................

24,000

Soldiers’ Mental Hospital, West Subiaco, Western Australia—Additions and equipment

6,800

General Hospital, New South Wales—Additional accommodation...........

4,200

Under Control of Department of Markets and Transport.

Expenditure under War Service Homes Act 1918-1925 (to be paid to credit of Trust Fund, War Service Homes Account)

1,000,000

Total War and Repatriation Services.......................

1,035,000

_______

THE PRIME MINISTER’S DEPARTMENT.

Under Control of Department of the Treasury.

Loan to Papua for Public Works.................................

15,000

Under Control of Development and Migration Commission.

Immigration—Advances of passage money, landing money, and medical fees of assisted immigrants

100,000

Total Prime Minister’s Department.......................

115,000

______

DEPARTMENT OF THE TREASURY.

Under Control of Department of the Treasury.

Grafton to South Brisbane Railway...............................

616,000

_______

THE DEPARTMENT OF HOME AFFAIRS.

Under Control of Department of Home Affairs.

Parliament House, Canberra (to be paid to Federal Capital Commission)......

5,500

Under Control of Department of Works

Properties and sites for Department of Home Affairs...................

3,000

Total Department or Home Affairs......................

8,500

\n```\n\n \n\nSchedule—continued.\n\n| | Appropriated by this Act. |\n| --------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------- |\n| THE DEPARTMENT OF DEFENCE. | |\n| | £ |\n| Under Control of Department of Defence. | |\n| Balance of subsidy to State of New South Wales towards construction of a floating dock at Walsh Island | 67,500 |\n| Machinery and plant for manufacture of munitions not now produced in Australia—towards cost | 38,347 |\n| Acquisition of Small Arms Factory, Footscray—Instalments............ | 19,153 |\n| Under Control of Department of Works. | |\n| Naval bases, works and establishments—towards cost................ | 28,200 |\n| Construction of drill halls, mobilization stores, ordnance stores, rifle ranges, fortifications, barracks, and other accommodation and engineering works—towards cost | 22,000 |\n| Towards cost of construction of buildings, hangars, workshops, barracks and earthworks, and preparation of aerial routes and landing grounds— | |\n| Royal Australian Air Force............................... | 38,250 |\n| Towards cost of construction of buildings and works generally in connexion with new munitions production | 31,300 |\n| Purchase of properties and sites:— | |\n| Military........................................... | 1,000 |\n| Royal Australian Air .................................. | 750 |\n| Total Department of Defence........................ | 246,500 |\n| ______ | |\n| THE DEPARTMENT OF TRADE AND CUSTOMS. | |\n| Under Control of Department of Trade and Customs. | |\n| New lighthouses (including upkeep of vessels for construction work) and optical and other apparatus for lightships | 16,970 |\n| Alterations of lighthouse services ............................. | 7,530 |\n| Establishing means of communication.......................... | 2,000 |\n| Under Control of Department of Works. | |\n| Acquisition of land for Trade and Customs purposes................. | 845 |\n| Total Department of Trade and Customs................. | 27,345 |\n| ______ | |\n| THE DEPARTMENT OF WORKS. | |\n| Under Control of the Department of Works | |\n| Expenditure under River Murray Waters Act 1915-23................ | 225,000 |\n| Commonwealth Offices, Brisbane (including demolition and re-erection elsewhere of Miniature Rifle Range already on site)—towards cost | 20,000 |\n| Total Department of Works......................... | 245,000 |\n\n \n\nSchedule—continued.\n\n| | Appropriated by this Act. |\n| --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------- |\n| THE POSTMASTER-GENERAL’S DEPARTMENT. | |\n| | £ |\n| Under Control of the Postmaster-General’s Department and the Department of Works. | |\n| Construction and extension of telegraphs and telephones; construction of conduits and laying wires underground; provision of radio stations and equipment; subscription to Capital of Amalgamated Wireless Limited; land for post and telegraph purposes; also Buildings for the Postmaster-General’s Department as set out hereunder:— | 2,800,000 |\n| Buildings For Postmaster-General’s Department. | |\n| New South Wales. | |\n| Additions and Alterations.—Armidale, Chatswood, Condobolin, Cootamundra, Kensington, Kogarah, Manly, Moss Vale, Moulamein, North Strathfield, Nyngan, Parramatta, Petersham, Pymble, Queanbeyan, Redfern, Scone, South Grafton, Sydney—City North, Sydney General Post Office, Sydney Parcels Post, Building, Vaucluse, West Maitland. | |\n| New Buildings.—Arncliffe, Balgowlah, Broadcasting Stations (2) Bur-wood, Central Conoord, Dubbo, Eastlake, Edgecliff, Gosford, Griffith, Hamilton, Hurstville, Maroubra, Mudgee, Newtown, North Sydney, Ourimbah, Pooncarie, Punchbowl, Sydenham, Terrigal, Tullamore, Wahroonga, West Wyalong, Wickham, Yenda. | |\n| Sundry Offices.—For works costing not more than £300 in each case. | |\n| Victoria. | |\n| Additions and Alterations.—Ararat, Bendigo, Birregurra, Camperdown, Canterbury, Charlton, Chiltern, Collingwood, Dandenong, Donald, Geelong, Hopetoun, Kyneton, Leongatha, Linton, Maffra, Malvern, Melbourne—General Post Office, Murtoa, Penshurst, Portland, Pyramid Hill, Sandringham, Sea Lake, Shepparton, South Melbourne, Swan Hill, Warragul, Warrnambool, Wycheproof. | |\n| New Buildings.—Balwyn, Bentleigh, Box Hill, Brunswick, Glen Iris, Hawthorn, Heidelberg, Ivanhoe, Malvern East, Melbourne—Telegraph and Telephone Workshops, Melbourne—Central Telephone Exchange, Melbourne—Electric Telegraph Office and Commonwealth Offices, Mildura, Oakleigh, Quambatook, St. Arnaud, Warrnambool, Stations (2) for terminals of Victoria-Tasmania radio telephone link. | |\n| Sundry Offices.—For works costing not more than £300 in each case........ | |\n| Queensland. | |\n| Additions and Alterations.—Cairns, Dirrinbandi, Emerald, Greenmount, Kingaroy, Mareeba, Rockhampton. | |\n| New Buildings.—Brisbane—Central Telephone Exchange, Brisbane—Garage, Broadcasting Stations, Cloncurry, Cooparoo, Hughenden, Isisford, Muttaburra, South Brisbane, South Johnstone, Toowong, Tully, Winton. | |\n| Sundry Offices.—For works costing not more than £300 in each case. | |\n| Carried forward.................................. | 2,800,000 |\n\n \n\nSchedule—continued.\n\n| | Appropriated by this Act |\n| ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------ |\n| THE POSTMASTER-GENERAL’S DEPARTMENT—continued. | £ |\n| Brought forward................................. | 2,800,000 |\n| Buildings for Postmaster-General’s Department—continued. | |\n| South Australia. | |\n| Additions and Alterations.—Adelaide General Post Office, Adelaide—West Terrace—Stores and Garage, Kingston. Largs Bay, Meningie, Norwood, Port Lincoln, Unley, Yorketown. | |\n| New Buildings.—Broadcasting Station, Gladstone, Minnipa, Mount Gambier, Peterborough, Pinnaroo, Port Adelaide, Semaphore, Tarcoola, West Adelaide. | |\n| Sundry Offices.—For works costing not more than £300 in each case. | |\n| Western Australia. | |\n| Additions and Alterations.—Geraldton, Kellerberrin, Kojonup, Mnllewa, Perth—Telephone Exchange, Perth—Stores, Southern Cross, Wyalkatchem.New Buildings.—Cottesloe, Maylands, Merredin, Nungarin, Perth, Rawlinna, Victoria Park, Wyalkatchem.Sundry Offices.—For works costing not more than £300 in each Case. | |\n| Tasmania. | |\n| Additions and Alterations.—Geeveston, Launceston, Queenstown, Sheffield.New Buildings.—Broadcasting Station, Hobart, Launceston, Newtown, Stations (2) (or terminals of Victoria-Tasmania radio telephone link.Sundry Offices.—For works costing not more than £300 in each case. | |\n| ______ | |\n| Sundry new buildings and alterations to buildings in the various States to provide accommodation for carrier wave, voice frequency repeater, or associated apparatus. | |\n| Total Postmaster-General’s Department................... | 2,800,000 |\n| ______ | |\n| THE DEPARTMENT OF HEALTH. | |\n| Under Control of Department of Works. | |\n| Serum and Health Laboratories................................. | 14,000 |\n| Acquisition of properties and sites............................... | 1,000 |\n| Total Department of Health........................... | 15,000 |\n\n \n\nSchedule—continued.\n\n| | Appropriated by this Act. |\n| --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------- |\n| THE DEPARTMENT OF MARKETS AND TRANSPORT. | £ |\n| Under Control of Department of Markets and Transport. | |\n| Advances to States and to North Australia and Central Australia for purchase of wire and wire netting (to be paid to credit of Trust Fund Wire and Wire Netting Account) | 100,000 |\n| Commonwealth Railways. | |\n| Trans-Australian Railway..................................... | 100,000 |\n| North Australia Railway—minor capital works....................... | 5,000 |\n| Central Australia Railway.................................... | 64.000 |\n| Federal Territory Railway.................................... | 1,000 |\n| Provision for construction of new railways under the Northern Territory Railway Extension Act 1923, the Oodnadatia to Alice Springs Railway Act 1926, and rolling-stock, and the Railways (South Australia) Agreement Act 1926 (on account of £4,689,260) | 160,000 |\n| Total Department of Markets and Transport............... | 430,000 |\n| ______ | |\n| LOAN TO FEDERAL CAPITAL COMMISSION.................... | 384,500 |\n| ______ | |\n| LOAN TO NORTH AUSTRALIA COMMISSION.................... | 122.100 |\n| ______ | |\n| REDEMPTIONS. | |\n| Redemption of loans raised by State of South Australia in respect of Northern Territory | 850 |\n| Total......................................... | 6,045,795 |","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":1269},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The Act remains tightly focused on its original purpose: authorizing a specific borrowing for enumerated capital works and administrative expenses. No scope creep detected—it does exactly what the title suggests."},"complexity_factors":["Single conditional provision (section 5) with one exception regarding lapsed appropriations","Minimal cross-referencing (only references to Commonwealth Inscribed Stock Act 1911-1927 and Treasury Bills legislation)","Straightforward purpose clause with no nested definitions","Extensive but itemized Schedule with specific pound amounts for each project rather than complex legislative formulae","No interpretation section or defined terms"],"plain_english_summary":"This Act authorises the Treasurer to borrow up to £6.3 million to fund government projects across Australia — effectively raising a public loan for infrastructure and services. It directs funds to veterans’ housing and hospitals, communications and broadcasting, rail and transport works, Canberra development, defence facilities, northern Australia development, and other public works and loans.\n\nIt also preserves last year’s appropriation for loans to the Federal Capital Commission so those funds do not lapse on 30 June."},"flash_summary":{"complexity_score":4,"scope_assessment":{"changed":true,"description":"Yes. The Act both authorises fresh borrowing (s2) and allocates a specific portion of loan proceeds to a detailed schedule of departmental and commission items (s4). It also changes treatment of earlier appropriations by deeming unexpended amounts from the 1928 Loan Acts to have lapsed as at 30 June 1929, except for amounts relating to loans to the Federal Capital Commission (s5), thereby altering the legal scope and continuity of prior appropriations."},"complexity_factors":["Cross-references to prior financial statutes and instruments (Commonwealth Inscribed Stock Act 1911–1927 and Acts authorising Treasury Bills) create legal dependency (s2).","Discretionary, iterative borrowing power: Treasurer may borrow 'from time to time', introducing timing and management discretion (s2).","Detailed multi-line Schedule with numerous departmental capital, loan and works allocations increases administrative tracking and reporting complexity (s4 and Schedule).","Different numerical totals: authorised borrowing (£6,300,000) exceeds the specifically appropriated sum (£6,045,795), necessitating interpretation of residual uses (ss2,4).","Provision treating prior appropriations as lapsed (with a narrow exception) alters the legal status of earlier loan Acts and requires reconciliation of prior accounts (s5).","Mixture of direct appropriations, loans to commissions and redemption items requires multiple repayment and accounting streams (Schedule: loans to Federal Capital Commission, North Australia Commission; redemptions)."],"plain_english_summary":"This Act authorises the Treasurer to borrow up to £6,300,000 under existing inscribed‑stock or Treasury‑bill laws and requires borrowed sums be used only for borrowing costs and amounts appropriated by law (ss2–3). It directs £6,045,795 of loan proceeds to a detailed schedule of departmental capital, loans and works (s4), and declares certain unexpended 1928 loan appropriations lapsed as at 30 June 1929, with an exception for loans to the Federal Capital Commission (s5)."}},"importantCases":[],"_links":{"self":"/api/acts/loan-act-1929","history":"/api/acts/loan-act-1929/history","analysis":"/api/acts/loan-act-1929/analysis","conflicts":"/api/acts/loan-act-1929/conflicts","importantCases":"/api/acts/loan-act-1929/important-cases","documents":"/api/acts/loan-act-1929/documents"}}