{"id":"C1963A00055","name":"Loan (War Service Land Settlement) Act 1963","slug":"loan-war-service-land-settlement-act-1963","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"55 of 1963","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":5153,"registerId":"commonwealth-C1963A00055-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Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (War Service Land Settlement) Act 1963","content":"LOAN (WAR SERVICE LAND SETTLEMENT).\n\nNo. 55 of 1963.\n\nAn Act to authorize the raising and expending of a sum not exceeding Four million two hundred and twenty-five thousand pounds for a Defence Purpose, namely Financial Assistance to the States of South Australia, Western Australia and Tasmania in connexion with War Service Land Settlement.\n\n\\[Assented to 18th October, 1963.\\]\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 1963.\n\n  \n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nAuthority to borrow £4,225,000.\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 Four million two hundred and twenty-five 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 of South Australia, Western Australia and Tasmania in accordance with the provisions of sub-section (1.) of section two of the States Grants (War Service Land Settlement) Act 1952-1953.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2521},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 1963 enactment. The legislation remains tightly scoped to its sole purpose: authorising borrowing for war service land settlement assistance to the three specified states. No scope creep is evident."},"complexity_factors":["Only 4 short sections with no subsections","Single, specific purpose with no exceptions, conditions or procedural steps","Minimal cross-referencing (only standard borrowing mechanisms and the parent Grants Act)","No defined terms or interpretation section","Straightforward monetary ceiling with simple application rules"],"plain_english_summary":"This Act authorises the Australian Government to borrow up to £4,225,000 (in pre-decimal currency) for a defence-related purpose: helping returned soldiers settle on the land after World War II.\n\n**What it does:**\n*   **Veterans' farms:** The money provides financial assistance to **South Australia, Western Australia and Tasmania** to run \"War Service Land Settlement\" schemes. These programs gave veterans access to land so they could establish farms.\n*   **How the money is raised:** The Treasurer can borrow the funds by issuing government bonds (under the *Commonwealth Inscribed Stock Act*) or Treasury Bills (short-term government IOUs).\n*   **Strict rules:** The borrowed funds can only be used for two things: paying the costs of arranging the loan, and passing the money to those three specific states under the *States Grants (War Service Land Settlement) Act 1952-1953*. The total borrowing is capped at £4,225,000."}},"importantCases":[],"_links":{"self":"/api/acts/loan-war-service-land-settlement-act-1963","history":"/api/acts/loan-war-service-land-settlement-act-1963/history","analysis":"/api/acts/loan-war-service-land-settlement-act-1963/analysis","conflicts":"/api/acts/loan-war-service-land-settlement-act-1963/conflicts","importantCases":"/api/acts/loan-war-service-land-settlement-act-1963/important-cases","documents":"/api/acts/loan-war-service-land-settlement-act-1963/documents"}}