{"id":"C1953A00066","name":"Loan (Housing) Act 1953","slug":"loan-housing-act-1953","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"66 of 1953","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":4546,"registerId":"commonwealth-C1953A00066-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (Housing) Act 1953","content":"LOAN (HOUSING).\n\nNo. 66 of 1953.\n\nAn Act to authorize the Raising of Moneys to be advanced to certain States for the purposes of Housing.\n\n\\[Assented to 28th October, 1953.\\]\n\nBE it enacted by the Queen’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 1953.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £37,200,000.\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 an Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the sum of Thirty-seven million two hundred thousand 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 of New South Wales, Victoria, Queensland, South Australia and Western Australia for the purposes of housing in accordance with the agreement executed in pursuance of the authority conferred by the Commonwealth and State Housing Agreement Act 1945.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1459},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 1953 enactment. The scope remains tightly constrained to the specific purpose stated in the long title: authorizing borrowing solely for housing advances to states under the 1945 Agreement."},"complexity_factors":["Only 4 sections with no subdivisions or parts","No interpretation section or defined terms","No conditional logic, exceptions, or 'if/then' provisions","Single operational purpose (borrow and on-lend) with no regulatory, penalty, or enforcement mechanisms","Minimal cross-referencing (only to external borrowing mechanism Acts)"],"plain_english_summary":"**What this law does:**\n\nThis Act gives the Australian Government permission to borrow up to £37.2 million (in 1953 currency) to fund public housing.\n\n**Who gets the money:**\nThe borrowed funds are lent to five specific states for housing projects:\n- New South Wales\n- Victoria  \n- Queensland\n- South Australia\n- Western Australia\n\n**The rules:**\nThe money can only be used for housing that falls under an existing national agreement (the *Commonwealth and State Housing Agreement Act 1945*). The Treasurer can raise the cash by selling government bonds or issuing Treasury Bills.\n\n**Bottom line:** This is a simple 'money bill' — it authorizes a specific loan to help states build houses in the 1950s."}},"importantCases":[],"_links":{"self":"/api/acts/loan-housing-act-1953","history":"/api/acts/loan-housing-act-1953/history","analysis":"/api/acts/loan-housing-act-1953/analysis","conflicts":"/api/acts/loan-housing-act-1953/conflicts","importantCases":"/api/acts/loan-housing-act-1953/important-cases","documents":"/api/acts/loan-housing-act-1953/documents"}}