{"id":"C1946A00076","name":"Loan (Housing) Act 1946","slug":"loan-housing-act-1946","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"76 of 1946","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":4180,"registerId":"commonwealth-C1946A00076-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (Housing) Act 1946","content":"LOAN (HOUSING).\n\nNo. 76 of 1946.\n\nAn Act to authorize the Raising of Moneys to be advanced to the States for the purposes of Housing.\n\n\\[Assented to 14th December, 1946.\\]\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 (Housing) Act 1946.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £10,000,000.\n\n3. The Treasurer may, from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911-1946, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the sum of Ten million pounds.\n\nApplication of moneys.\n\n4. Moneys borrowed under this Act shall be issued and applied only for the expenses of borrowing and for making advances to the States for the purposes of housing in pursuance of the agreement the execution of which is authorized by the Commonwealth and State Housing Agreement Act 1945.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1378},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The legislation remains tightly focused on its original purpose: a specific one-off borrowing authorization of £10 million to fund advances to states for housing under the 1945 Agreement. The scope has not expanded beyond this narrow financial mechanism."},"complexity_factors":["Only 4 sections with no subsections","No definitions or interpretation section","Single numerical cap (£10,000,000) with no conditions or escalators","Only two permissible purposes for the funds (borrowing costs and housing advances)","No administrative machinery, enforcement mechanisms, or offences"],"plain_english_summary":"This Act authorizes the federal government to borrow **£10 million** (in 1946 money) to help build public housing across Australia.\n\n**How it works:**\n- The Treasurer can raise the money by selling government bonds (under the *Commonwealth Inscribed Stock Act*) or issuing short-term debt (Treasury Bills)\n- The borrowed funds must be used for only two things:\n  1. Paying the administrative costs of arranging the loan\n  2. **Lending the money to state governments** to fund housing projects under the 1945 Commonwealth-State Housing Agreement\n\n**Why it exists:**\nThis 1946 law was part of the post-WWII reconstruction effort to address severe housing shortages. Instead of each state trying to borrow money separately (often at higher interest rates), the Commonwealth borrowed at cheaper rates and then on-lent the cash to the states for home construction."}},"importantCases":[],"_links":{"self":"/api/acts/loan-housing-act-1946","history":"/api/acts/loan-housing-act-1946/history","analysis":"/api/acts/loan-housing-act-1946/analysis","conflicts":"/api/acts/loan-housing-act-1946/conflicts","importantCases":"/api/acts/loan-housing-act-1946/important-cases","documents":"/api/acts/loan-housing-act-1946/documents"}}