{"id":"C1950A00021","name":"Loan (Housing) Act 1950","slug":"loan-housing-act-1950","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"21 of 1950","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":4492,"registerId":"commonwealth-C1950A00021-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (Housing) Act 1950","content":"LOAN (HOUSING).\n\nNo. 21 of 1950.\n\nAn Act to authorize the Raising of Moneys to be advanced to the States for the purposes of Housing.\n\n\\[Assented to 9th November, 1950.\\]\n\n\\[Date of commencement, 7th December, 1950.\\]\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 1950.\n\nAuthority to borrow £26,000,000.\n\n2. 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 Twenty-six million pounds.\n\nApplication of money.\n\n3. 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":1346},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The Act maintains its original narrow purpose: authorizing a specific sum of borrowing solely for advancing funds to States for housing. There is no indication of scope expansion beyond this single financial authorization."},"complexity_factors":["Only 3 short sections","Cross-references to three other pieces of legislation (Commonwealth Inscribed Stock Act, Treasury Bills authority, and the 1945 Housing Agreement Act)","No exceptions, conditions, or procedural hurdles beyond the borrowing mechanism"],"plain_english_summary":"This Act authorizes the Australian Government to borrow up to £26 million (in 1950 currency) to fund public housing programs. It gives the Treasurer permission to raise this money through either **government bonds** (under the Commonwealth Inscribed Stock Act) or **short-term government debt** called Treasury Bills. \n\nThe borrowed money can only be used for two things:\n* Paying the administrative costs of arranging the loans\n* Handing the cash over to State governments to spend on housing projects under an existing 1945 agreement between the Commonwealth and the States\n\nIn short, it’s a legislative ATM withdrawal limit specifically for building houses."}},"importantCases":[],"_links":{"self":"/api/acts/loan-housing-act-1950","history":"/api/acts/loan-housing-act-1950/history","analysis":"/api/acts/loan-housing-act-1950/analysis","conflicts":"/api/acts/loan-housing-act-1950/conflicts","importantCases":"/api/acts/loan-housing-act-1950/important-cases","documents":"/api/acts/loan-housing-act-1950/documents"}}