{"id":"C2004A01678","name":"Loan (War Service Land Settlement) Act 1977","slug":"loan-war-service-land-settlement-act-1977","collection":"act","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"40 of 1977","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":6562,"registerId":"commonwealth-C2004A01678-current","compilationNumber":null,"startDate":"2026-03-30","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Loan (War Service Land Settlement) Act 1977","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\ntitle: Loan (War Service Land Settlement) Act 1977\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.png)\n\n \n\n \n\n \n\n \n\n \n\n \n\nLoan (War Service Land Settlement) Act 1977\n\n \n\nNo. 40 of 1977\n\n \n\n \n\n \n\n \n\n \n\nAn Act to authorize the Raising and Expending of a sum not exceeding $3,000,000 for a Defence Purpose, namely, Financial Assistance to South Australia, Western Australia and Tasmania in connexion with War Service Land Settlement\n\n \n\n \n\n \n\n \n\nContents\n\n[1 Short title](#_Toc424306075)\n\n[2 Commencement](#_Toc424306076)\n\n[3 Authority to borrow $3,000,000](#_Toc424306077)\n\n[4 Application of moneys](#_Toc424306078)\n\n \n\n![](image.001.png)\n\n \n\n \n\nLoan (War Service Land Settlement) Act 1977\n\n \n\nNo. 40 of 1977\n\n \n\n \n\n \n\nAn Act to authorize the Raising and Expending of a sum not exceeding $3,000,000 for a Defence Purpose, namely, Financial Assistance to South Australia, Western Australia and Tasmania in connexion with War Service Land Settlement\n\n[Assented to 7 June 1977]\n\nBe it enacted by the Queen, and the Senate and House of Representatives of the Commonwealth of Australia, as follows:—\n\n##### 1  Short title\n\n  This Act may be cited as the Loan (War Service Land Settlement) Act 1977.\n\n##### 2  Commencement\n\n  This Act shall come into operation on the day on which it receives the Royal Assent.\n\n##### 3  Authority to borrow $3,000,000\n\n  The Treasurer may, from time to time, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911, or in accordance with the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole $3,000,000.\n\n##### 4  Application of moneys\n\n  Moneys borrowed under this Act shall be issued and applied only for the expenses of borrowing and for the purpose of financial assistance to South Australia, Western Australia and Tasmania in accordance with sub‑section 2(1) of the States Grants (War Service Land Settlement) Act 1952.\n\n \n","sortOrder":0}],"analysis":{"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This Act does not alter who is eligible for assistance or the substantive terms of the War Service Land Settlement scheme; it simply authorises Commonwealth borrowing up to $3,000,000 and restricts application of those moneys to borrowing expenses and assistance to South Australia, Western Australia and Tasmania in accordance with subsection 2(1) of the States Grants (War Service Land Settlement) Act 1952 (see ss 3–4)."},"complexity_factors":["Very short statute: 4 sections with a single financial purpose and clear monetary cap ($3,000,000).","Gives broad operational discretion to the Treasurer to borrow ‘from time to time’ and by available statutory methods (s 3), creating timing flexibility but concentrated executive choice.","Cross-references to external borrowing statutes (Commonwealth Inscribed Stock Act 1911 and Acts authorising Treasury Bills) for the mechanics of issuance (s 3).","Cross-reference to States Grants (War Service Land Settlement) Act 1952 for rules on how assistance is to be applied (s 4), so substantive distribution rules sit outside this Act.","Application restriction (only for borrowing expenses and specified financial assistance) limits scope but depends on interpretation of the 1952 Act (s 4).","Low administrative and compliance complexity: ordinary public‑finance and appropriation processes will govern handling and reporting of borrowed funds."],"plain_english_summary":"This Act authorises the Treasurer to borrow up to $3,000,000 (by inscribed stock or Treasury Bills) and requires those moneys be used only for borrowing costs and to provide financial assistance to South Australia, Western Australia and Tasmania in connection with War Service Land Settlement. It affects Commonwealth borrowing (increasing federal liabilities) and the three named states as recipients; the timing and method of borrowing are left to the Treasurer, and distributions must follow subsection 2(1) of the States Grants (War Service Land Settlement) Act 1952."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This legislation remains tightly focused on its original purpose: authorising a specific borrowing for war service land settlement assistance to three specific states. There is no evidence of scope creep; the Act is a simple appropriation/borrowing authority for a defined amount and purpose."},"complexity_factors":["Only 4 sections total","No defined terms section","No cross-references to other legislation except a single reference to the Commonwealth Inscribed Stock Act 1911 and the States Grants (War Service Land Settlement) Act 1952","Simple, unconditional operative provisions","Single purpose legislation with no exceptions or conditional logic"],"plain_english_summary":"This is a short, straightforward law from 1977 that lets the Australian Government borrow up to $3 million to help three states — South Australia, Western Australia and Tasmania — with 'War Service Land Settlement'. This was a post-WWII program where land was made available to returned soldiers (servicemen and women) so they could become farmers. The money raised under this Act could only be used for that specific purpose and for the costs of arranging the loan itself. The Treasurer (the federal minister responsible for finance) was given the power to borrow this money using government bonds or Treasury Bills."}},"importantCases":[],"_links":{"self":"/api/acts/loan-war-service-land-settlement-act-1977","history":"/api/acts/loan-war-service-land-settlement-act-1977/history","analysis":"/api/acts/loan-war-service-land-settlement-act-1977/analysis","conflicts":"/api/acts/loan-war-service-land-settlement-act-1977/conflicts","importantCases":"/api/acts/loan-war-service-land-settlement-act-1977/important-cases","documents":"/api/acts/loan-war-service-land-settlement-act-1977/documents"}}