{"id":"C1942A00001","name":"Loan Act 1942","slug":"loan-act-1942","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"1 of 1942","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":4140,"registerId":"commonwealth-C1942A00001-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan Act 1942","content":"LOAN.\n\nNo. 1 of 1942.\n\nAn Act to authorize the Raising and Expending of a certain Sum of Money.\n\n\\[Assented to 9th March, 1942.\\]\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 1942.\n\nCommencement\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £75,000,000.\n\n3. The Treasurer may, from time to time, borrow, under the provisions of the Commonwealth Inscribed Stock Act 1911-1940, or under the provisions of any Act authorizing the issue of Treasury Bills, moneys not exceeding in the whole the amount of Seventy-five million pounds.\n\nPurposes for which money may be expended.\n\n4. The amount borrowed may be issued and applied for the expenses of borrowing and for the purposes of appropriations made, or to be made, by law.\n\nIssue and application of £75,000,000.\n\n5. There may be issued and applied out of the proceeds of any loan raised under the authority of this Act, or of any other Act, the sum of Seventy-five million pounds for war purposes.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1329},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The Act remains tightly focused on its original 1942 purpose: authorizing specific borrowing for wartime expenditure. No amendments or provisions extend the scope beyond the initial £75 million war finance authorization."},"complexity_factors":["Only 5 short sections with clear sequential numbering","No definitions section or technical terms requiring explanation","Single, unambiguous purpose (borrowing authorization)","Only one cross-reference (to existing borrowing machinery in other Acts)","No exceptions, conditions, or nested clauses"],"plain_english_summary":"The Act authorises the Australian Government to borrow up to £75 million by issuing inscribed stock or Treasury Bills to meet wartime needs.\n\nIt covers loan expenses and any parliamentary appropriations for military and defence spending, giving the government rapid access to finance Australia’s World War II effort."}},"importantCases":[],"_links":{"self":"/api/acts/loan-act-1942","history":"/api/acts/loan-act-1942/history","analysis":"/api/acts/loan-act-1942/analysis","conflicts":"/api/acts/loan-act-1942/conflicts","importantCases":"/api/acts/loan-act-1942/important-cases","documents":"/api/acts/loan-act-1942/documents"}}