{"id":"C1962A00017","name":"Loan (Housing) Act 1962","slug":"loan-housing-act-1962","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"17 of 1962","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":4955,"registerId":"commonwealth-C1962A00017-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (Housing) Act 1962","content":"LOAN (HOUSING)\n\nNo. 17 of 1962.\n\nAn Act to Authorize the Raising and Expending of a sum not exceeding Seven million five hundred thousand pounds for the purposes of Housing.\n\n\\[Assented to 6th April, 1962.\\]\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 1962.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £7,500,000.\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 Seven million five 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 the States in pursuance of section four of the Housing Agreement Act 1961.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1329},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The legislation remains strictly limited to its original purpose of authorizing a one-time borrowing specifically for housing advances to the States. No subsequent amendments or operational creep have expanded its scope beyond this narrow financial mechanism."},"complexity_factors":["Only 4 short sections with no subsections or schedules","No definitions section or specialized legal terminology","Single, unconditional purpose with no exceptions or caveats","Minimal cross-referencing to other legislation (only 2 external references)","No delegated powers, regulations, or ongoing administrative machinery"],"plain_english_summary":"This law authorizes the Australian Government to take out a specific loan of up to £7.5 million (pre-decimal currency) to fund public housing. The Treasurer is permitted to borrow this money using standard government borrowing mechanisms. The funds are strictly limited to two uses:\n\n*   **Covering the costs of borrowing itself** (such as administrative fees and bank charges)\n*   **Lending money to State governments** for housing projects under the separate *Housing Agreement Act 1961*\n\nIn simple terms, it is a legislative \"permission slip\" to borrow a set amount of money specifically to help the States build or acquire public housing."}},"importantCases":[],"_links":{"self":"/api/acts/loan-housing-act-1962","history":"/api/acts/loan-housing-act-1962/history","analysis":"/api/acts/loan-housing-act-1962/analysis","conflicts":"/api/acts/loan-housing-act-1962/conflicts","importantCases":"/api/acts/loan-housing-act-1962/important-cases","documents":"/api/acts/loan-housing-act-1962/documents"}}