{"id":"C1947A00066","name":"Loan (Housing) Act 1947","slug":"loan-housing-act-1947","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"66 of 1947","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":4290,"registerId":"commonwealth-C1947A00066-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (Housing) Act 1947","content":"LOAN (HOUSING).\n\nNo. 66 of 1947.\n\nAn Act to authorize the Raising of Moneys to be advanced to the States for the purposes of Housing.\n\n\\[Assented to 4th, December, 1947.\\]\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 1947.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £13,000,000.\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 Thirteen 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":1506},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 1947 enactment. The scope remains precisely limited to the specific purpose authorised in the title: borrowing money solely to on-lend to States for housing under the 1945 Agreement."},"complexity_factors":["Only 4 operative sections","No definitions or interpretation section","Single financial cap (£13,000,000) with no sub-limits or conditions","Straightforward purpose clause with only one permissible use of funds","Minimal cross-referencing (only to borrowing mechanics in existing Acts)"],"plain_english_summary":"**What it does:** This Act allows the Australian Government to borrow up to £13 million (in 1947 currency) to fund public housing construction.\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 Treasury Bills\n- The borrowed funds are then advanced (lent) to the State governments\n- The States must spend this money on housing projects under the **Commonwealth and State Housing Agreement Act 1945** — a post-war deal where Canberra provided the cash and the States built the homes\n\n**Why it matters:** Passed during a severe national housing shortage after WWII, this Act provided the initial funding to kick-start large-scale public housing programs, helping house returning servicemen and working families."}},"importantCases":[],"_links":{"self":"/api/acts/loan-housing-act-1947","history":"/api/acts/loan-housing-act-1947/history","analysis":"/api/acts/loan-housing-act-1947/analysis","conflicts":"/api/acts/loan-housing-act-1947/conflicts","importantCases":"/api/acts/loan-housing-act-1947/important-cases","documents":"/api/acts/loan-housing-act-1947/documents"}}