{"id":"C1955A00050","name":"Loan (War Service Land Settlement) Act 1955","slug":"loan-war-service-land-settlement-act-1955","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"50 of 1955","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":4652,"registerId":"commonwealth-C1955A00050-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (War Service Land Settlement) Act 1955","content":"LOAN (WAR SERVICE LAND SETTLEMENT).\n\nNo. 50 of 1955.\n\nAn Act to approve the Borrowing of Moneys for a Defence Purpose, namely Financial Assistance to the States in connexion with War Service Land Settlement, and to authorize the expending of those Moneys.\n\n\\[Assented to 3rd November, 1955.\\]\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 (War Service Land Settlement) Act 1955.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £8,500,000.\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 Eight 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 financial assistance to the States in connexion with war service land settlement.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1867},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The Act retains its original narrow scope as a specific borrowing authority for war service land settlement. It has not expanded beyond its initial purpose of funding state-based settlement schemes for returned servicemen."},"complexity_factors":["Only 4 operative sections with minimal text","No definitions section, interpretive provisions, or specialised terminology","Single, unambiguous purpose with no exceptions, conditions, or nested logic","Minimal cross-referencing limited to standard borrowing machinery (Commonwealth Inscribed Stock Act)"],"plain_english_summary":"This Act authorises the Australian Government to borrow up to £8.5 million (in 1955 currency) to fund **war service land settlement** schemes. These programs helped returning World War II servicemen establish farms by providing them with affordable land and financial support.\n\n**What it does:**\n- Allows the Treasurer to borrow money by issuing government stock or Treasury Bills\n- Caps total borrowing at £8,500,000\n- Restricts how the money can be spent to:\n  - Paying the costs of arranging the loans\n  - Providing financial assistance to State governments for war service land settlement programs\n\n**Who it affects:**\n- State governments receiving the financial assistance to run settlement schemes\n- Ex-servicemen participating in land settlement programs (indirectly)\n- The Treasurer and Commonwealth financial authorities managing the borrowing\n\nThis is a straightforward \"money bill\" that gives parliamentary approval for the government to take on debt for a specific post-war reconstruction purpose."}},"importantCases":[],"_links":{"self":"/api/acts/loan-war-service-land-settlement-act-1955","history":"/api/acts/loan-war-service-land-settlement-act-1955/history","analysis":"/api/acts/loan-war-service-land-settlement-act-1955/analysis","conflicts":"/api/acts/loan-war-service-land-settlement-act-1955/conflicts","importantCases":"/api/acts/loan-war-service-land-settlement-act-1955/important-cases","documents":"/api/acts/loan-war-service-land-settlement-act-1955/documents"}}