{"id":"C1965A00055","name":"Loan (Housing) Act 1965","slug":"loan-housing-act-1965","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"55 of 1965","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":5232,"registerId":"commonwealth-C1965A00055-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (Housing) Act 1965","content":"Loan (Housing)\n\nNo. 55 of 1965\n\nAn Act to Authorize the Raising and Expending of a sum not exceeding Fifty-one million pounds for the purposes of Housing.\n\n\\[Assented to 22 September, 1965\\]\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 1965.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £51,000,000.\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 not exceeding in the whole Fifty-one million 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—\n\n(a) in pursuance of section 4 of the Housing Agreement Act 1961; or\n\n(b) in pursuance of 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":2266},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This is the original enactment; the scope remains tightly constrained to the single purpose of authorising borrowing for housing advances to States."},"complexity_factors":["References to two external statutes requiring navigation outside the Act (Commonwealth Inscribed Stock Act 1911-1963 and Housing Agreement Act 1961)","Use of historical pre-decimal currency (£51 million pounds)","Contains only four operative sections with minimal conditional logic"],"plain_english_summary":"This law authorises the Australian Government to borrow up to £51 million to fund public housing programs.\n\n**What it does:**\n- Allows the Treasurer to raise debt by issuing government bonds (under the *Commonwealth Inscribed Stock Act*) or Treasury Bills\n- Caps total borrowing at £51 million pounds\n- Restricts use of funds to:\n  1. Administrative costs of the borrowing itself\n  2. Lending money to State governments for housing projects\n\n**Who gets the money:**\nThe funds must be provided to States under either:\n- Section 4 of the *Housing Agreement Act 1961* (a federal-state housing agreement), or\n- Any other Act authorising housing advances to States\n\n**Why it matters:**\nThis is a financial authority law. Without it, the Commonwealth could not legally raise this debt. It enables the federal government to act as a banker for the States, securing capital on national markets to build public housing."}},"importantCases":[],"_links":{"self":"/api/acts/loan-housing-act-1965","history":"/api/acts/loan-housing-act-1965/history","analysis":"/api/acts/loan-housing-act-1965/analysis","conflicts":"/api/acts/loan-housing-act-1965/conflicts","importantCases":"/api/acts/loan-housing-act-1965/important-cases","documents":"/api/acts/loan-housing-act-1965/documents"}}