{"id":"C1966A00035","name":"Loan (Housing) Act (No. 2) 1966","slug":"loan-housing-act-no-2-1966","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"35 of 1966","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":29248,"registerId":"commonwealth-C1966A00035-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (Housing) Act (No. 2) 1966","content":"Loan (Housing) (No. 2)\n\nNo. 35 of 1966\n\nAn Act to Authorize the Raising and Expending of a sum not exceeding One hundred and twenty million dollars for the purposes of Housing.\n\n\\[Assented to 12 September, 1966\\]\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 (No. 2) 1966.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow $120,000,000.\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 One hundred and twenty million dollars.\n\n  \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 4 or section 5 of the Housing Agreement Act 1966.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1614},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The Act maintains its original narrow purpose of authorizing a specific borrowing facility for housing advances to the States, with no expansion into other policy areas or programs."},"complexity_factors":["Only 4 short sections with no subsections","No interpretation section or defined terms","Single unconditional monetary cap ($120 million)","Minimal cross-referencing (only 2 external Acts mentioned)","No exceptions, exemptions, or conditional logic"],"plain_english_summary":"**What it does**\nThis Act gives the federal government legal permission to borrow up to $120 million specifically to fund housing programs.\n\n**How the money is raised**\nThe Treasurer can secure this loan through:\n*   **Government bonds** (issued under the *Commonwealth Inscribed Stock Act 1911–1963*), or\n*   **Treasury Bills** (short-term government IOUs)\n\n**Where the money goes**\nThe borrowed funds must be passed on to the States as financial advances to build or support housing projects, as set out in the *Housing Agreement Act 1966*. The money can also be used to cover the administrative costs of arranging the borrowing.\n\n**Why it matters**\nIt creates a dedicated funding pipeline: the Commonwealth can go into debt to support state housing initiatives, but the law locks in strict rules ensuring the cash can only be used for housing purposes and related borrowing expenses."}},"importantCases":[],"_links":{"self":"/api/acts/loan-housing-act-no-2-1966","history":"/api/acts/loan-housing-act-no-2-1966/history","analysis":"/api/acts/loan-housing-act-no-2-1966/analysis","conflicts":"/api/acts/loan-housing-act-no-2-1966/conflicts","importantCases":"/api/acts/loan-housing-act-no-2-1966/important-cases","documents":"/api/acts/loan-housing-act-no-2-1966/documents"}}