{"id":"C1964A00085","name":"Loan (Housing) Act 1964","slug":"loan-housing-act-1964","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"85 of 1964","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":5088,"registerId":"commonwealth-C1964A00085-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (Housing) Act 1964","content":"LOAN (HOUSING).\n\nNo. 85 of 1964.\n\nAn Act to Authorize the Raising and Expending of a sum not exceeding Fifty-one million three hundred and fifty thousand pounds for the purposes of Housing.\n\n\\[Assented to 5th November, 1964.\\]\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 1964.\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 £51,350,000.\n\n3. The Treasurer may, from time to time, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911–1963, or in accordance with the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys net exceeding in the whole Fifty-one million three hundred and fifty 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":1754},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The legislation remains tightly focused on its original purpose: authorising a specific quantum of borrowing (£51.35m) for housing advances to the States. There is no evidence of scope creep or expansion beyond the initial fiscal mandate."},"complexity_factors":["Minimal length (4 sections)","No defined terms or interpretation section","Single, clear operative provision with no conditions, exceptions, or triggers","Only two external cross-references (to borrowing mechanics and the Housing Agreement Act)","Straightforward fiscal mandate with no discretionary decision-making or regulatory apparatus"],"plain_english_summary":"**What this law does:**\n\nThis Act gives the federal government permission to borrow up to £51.35 million (in pre-decimal pounds) to help build public housing across Australia.\n\n**How it works:**\n\n* **The borrowing:** The Treasurer can raise this money by issuing government bonds (under the *Commonwealth Inscribed Stock Act 1911*) or short-term Treasury Bills.\n* **The spending:** Every dollar borrowed must go toward:\n  1. Paying the costs of arranging the loan itself; and  \n  2. Making payments to State governments for housing projects (under the *Housing Agreement Act 1961*).\n\n**Why it matters:**\n\nThink of this as the Commonwealth taking out a specific mortgage to fund a joint public housing program with the States. Rather than paying for housing from regular taxes, Parliament is authorising a one-off loan—capped at just over £51 million—to speed up home-building for Australians."}},"importantCases":[],"_links":{"self":"/api/acts/loan-housing-act-1964","history":"/api/acts/loan-housing-act-1964/history","analysis":"/api/acts/loan-housing-act-1964/analysis","conflicts":"/api/acts/loan-housing-act-1964/conflicts","importantCases":"/api/acts/loan-housing-act-1964/important-cases","documents":"/api/acts/loan-housing-act-1964/documents"}}