{"id":"C1959A00074","name":"Loan (War Service Land Settlement) Act 1959","slug":"loan-war-service-land-settlement-act-1959","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"74 of 1959","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":28751,"registerId":"commonwealth-C1959A00074-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (War Service Land Settlement) Act 1959","content":"LOAN (WAR SERVICE LAND SETTLEMENT).\n\nNo. 74 of 1959.\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 1st December, 1959.\\]\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 1959.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £7,000,000.\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 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":1740},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The Act maintains its original narrow scope as a specific borrowing authority exclusively for war service land settlement, with no expansion beyond the initial defence-purpose funding goal."},"complexity_factors":["Only 4 sections in total","Single, specific purpose with no exceptions or conditions","Minimal cross-referencing (only references the Commonwealth Inscribed Stock Act)","No defined terms or interpretation section","Straightforward monetary cap (£7,000,000) with no complex formulas"],"plain_english_summary":"This Act authorises the Commonwealth to borrow up to £7 million (1959 currency) to fund World War II veterans’ land settlement, with the Treasurer raising money via government stock or Treasury Bills.  \n\nAll funds must be passed to the States for war service land settlement and may only cover scheme costs or related administration—a targeted, Parliament‑approved loan program to support returned servicemen’s transition to farming."}},"importantCases":[],"_links":{"self":"/api/acts/loan-war-service-land-settlement-act-1959","history":"/api/acts/loan-war-service-land-settlement-act-1959/history","analysis":"/api/acts/loan-war-service-land-settlement-act-1959/analysis","conflicts":"/api/acts/loan-war-service-land-settlement-act-1959/conflicts","importantCases":"/api/acts/loan-war-service-land-settlement-act-1959/important-cases","documents":"/api/acts/loan-war-service-land-settlement-act-1959/documents"}}