{"id":"C1944A00004","name":"Loan Act 1944","slug":"loan-act-1944","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"4 of 1944","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":14259,"registerId":"commonwealth-C1944A00004-current","compilationNumber":null,"startDate":"2026-03-31","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan Act 1944","content":"LOAN.\n\nNo. 4 of 1944.\n\nAn Act to authorize the Raising and Expending of a certain Sum of Money.\n\n\\[Assented to 3rd April, 1944.\\]\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 1944.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £200,000,000.\n\n3. The Treasurer may, from time to time, borrow, under the provisions of the Commonwealth Inscribed Stock Act 1911–1943, or under the provisions of any Act authorizing the issue of Treasury Bills, moneys not exceeding in the whole the amount of Two hundred million pounds.\n\nPurposes for which money may be expended.\n\n4. The amount borrowed may 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 £200,000,000.\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 Two hundred million pounds for war purposes.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1824},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The Act remains a straightforward wartime borrowing authority as originally enacted, limited to the specific £200 million authorization for war and appropriated expenditure with no expansion of scope."},"complexity_factors":["Only 5 very short sections","No defined terms or interpretation section","Simple, unconditional grant of authority without exceptions or provisos","No complex procedural requirements—simply references existing borrowing legislation","Single, clear monetary cap (£200 million) with no conditional adjustments"],"plain_english_summary":"This Act authorizes the Australian Government (through the Treasurer) to borrow up to £200 million by issuing Commonwealth Inscribed Stock or Treasury bills to help fund World War II.  \n\nThe borrowed money is limited to borrowing costs, already‑appropriated government expenses, and war purposes, giving the government legal authority to incur large wartime debt while restricting how those funds may be used."}},"importantCases":[],"_links":{"self":"/api/acts/loan-act-1944","history":"/api/acts/loan-act-1944/history","analysis":"/api/acts/loan-act-1944/analysis","conflicts":"/api/acts/loan-act-1944/conflicts","importantCases":"/api/acts/loan-act-1944/important-cases","documents":"/api/acts/loan-act-1944/documents"}}