{"id":"C1957A00066","name":"Loan (Housing) Act 1957","slug":"loan-housing-act-1957","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"66 of 1957","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":4826,"registerId":"commonwealth-C1957A00066-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (Housing) Act 1957","content":"LOAN (HOUSING)\n\nNo. 66 of 1957.\n\nAn Act to authorize the Raising and Expending of Moneys for the purposes of Housing.\n\n\\[Assented to 29th November, 1957.\\]\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 1957.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £33,160,000.\n\n3. The Treasurer may, from time to time, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911–1946, or in accordance with the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole Thirty-three million one hundred and sixty 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 the purpose of making advances to States in accordance with the agreement executed in pursuance of the authority conferred by the Housing Agreement Act 1956.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1675},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The Act retains its original narrow purpose: authorising a specific one-off borrowing exclusively for housing advances to States. No expansion beyond the original monetary limit or purpose has occurred."},"complexity_factors":["Only 4 sections with no subsections","Zero defined terms or interpretation provisions","Single unconditional borrowing authority capped at a fixed sum (£33,160,000)","Minimal cross-referencing (only 2 external Acts mentioned)","No exceptions, exemptions, or conditional logic"],"plain_english_summary":"This Act gives the federal Treasurer permission to borrow **£33,160,000** (in 1957 pounds) specifically to fund public housing projects through the States.\n\n**What it does:**\n*   **Authorises borrowing:** The Treasurer can raise this money by issuing government stock or bonds (under the *Commonwealth Inscribed Stock Act*) or short-term Treasury Bills.\n*   **Locks in the purpose:** The money can only be used for two things:\n    1.  Paying the costs of arranging the loans (administrative fees, etc.); and\n    2.  Lending the funds to State governments to build houses, under the 1956 Housing Agreement between the Commonwealth and the States.\n\n**Why it matters:**\nThis is a \"supply\" Act — a specific, one-off parliamentary approval allowing the government to go into debt for a single purpose. It ensures the borrowed money cannot be diverted to other government projects and must flow directly to State housing programs as agreed."}},"importantCases":[],"_links":{"self":"/api/acts/loan-housing-act-1957","history":"/api/acts/loan-housing-act-1957/history","analysis":"/api/acts/loan-housing-act-1957/analysis","conflicts":"/api/acts/loan-housing-act-1957/conflicts","importantCases":"/api/acts/loan-housing-act-1957/important-cases","documents":"/api/acts/loan-housing-act-1957/documents"}}