{"id":"C1960A00062","name":"Loan (Housing) Act 1960","slug":"loan-housing-act-1960","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"62 of 1960","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":15060,"registerId":"commonwealth-C1960A00062-current","compilationNumber":null,"startDate":"2026-03-31","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (Housing) Act 1960","content":"LOAN (HOUSING).\n\nNo. 62 of 1960.\n\nAn Act to authorize the Raising and Expending of Moneys for the purposes of Housing.\n\n\\[Assented to 25th November, 1960.\\]\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 1960.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\n  \n\nAuthority to borrow £37,200,000.\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-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 the purpose of making advances to States—\n\n(a) in accordance with the agreement executed in pursuance of the authority conferred by the Housing Agreement Act 1956; or\n\n(b) in accordance with an Act authorizing the making of advances to States for the purposes of housing.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2440},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This Act retains its original narrow scope as a time-limited, specific-purpose borrowing authorization. It was designed solely to raise £37.2 million for on-lending to States for housing programs under the 1956 Housing Agreement or subsequent similar agreements, with no mechanism for expansion beyond this specific financial transaction."},"complexity_factors":["Only 4 operative sections with no definitions","Single-purpose borrowing authority with a fixed monetary cap (£37,200,000)","Minimal cross-references (2 external Acts)","Linear logical structure: authority to borrow → application of funds","No exceptions, provisos, or nested conditions"],"plain_english_summary":"This Act authorised the Commonwealth to borrow £37.2 million to fund State public housing programs, raising the money via government bonds or Treasury Bills and restricting its use to loan costs and advances to the States.  \n\nIt applied only to States party to the Commonwealth‑State housing agreement (or similar parliamentary authority) and mattered because it created a dedicated federal funding stream to address 1960s housing shortages and coordinate Commonwealth borrowing with State delivery."}},"importantCases":[],"_links":{"self":"/api/acts/loan-housing-act-1960","history":"/api/acts/loan-housing-act-1960/history","analysis":"/api/acts/loan-housing-act-1960/analysis","conflicts":"/api/acts/loan-housing-act-1960/conflicts","importantCases":"/api/acts/loan-housing-act-1960/important-cases","documents":"/api/acts/loan-housing-act-1960/documents"}}