{"id":"C1910A00015","name":"Trust Fund Advances Act 1910 (No. 2)","slug":"trust-fund-advances-act-1910-no-2","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"15 of 1910","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":18574,"registerId":"commonwealth-C1910A00015-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Trust Fund Advances Act 1910 (No. 2)","content":"TRUST FUND ADVANCES (No. 2).\n\nNo. 15 of 1910.\n\nAn Act to authorize a Temporary Advance from the Trust Fund to the Consolidated Revenue Fund.\n\n\\[Assented to 21st October, 1910.\\]\n\nBE it enacted by the King’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 Trust Fund Advances Act 1910 (No. 2).\n\nAdvance from Trust Fund.\n\n2. There may be advanced from the Trust Fund for the purposes of the Revenue out of moneys not held for the purposes of the Reserve mentioned in section nine of the Australian Notes Act 1910 an amount not exceeding One million five hundred thousand pounds.\n\nRepayment of advance.\n\n3.—(1.) Any amount so advanced shall be repaid to the Trust Fund with interest at the rate of three per centum per annum on or before the thirtieth day of June One thousand nine hundred and eleven and the Consolidated Revenue Fund is hereby appropriated for that purpose accordingly.\n\n(2.) The interest payable in pursuance of this section shall be paid to and form part of the Australian Notes Account.\n\nAct not to affect reserves.\n\n4. Nothing in this Act shall affect any obligation on the part of the Treasurer to hold any reserve which he is by law required to hold in relation to any Trust Account or any part of the Trust Fund.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1709},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This Act maintains a narrow, specific scope limited to authorizing a single temporary financial advance with defined repayment terms. There is no evidence of scope creep or expansion beyond the original purpose stated in the title and long title."},"complexity_factors":["Only 4 sections with no subordinate legislation","No definitions section or specialized terminology","Single operational mechanism (one loan authorization)","Only one external cross-reference (to Australian Notes Act 1910)","Linear logic with no exceptions to exceptions"],"plain_english_summary":"This Act allows the government to borrow money from itself to manage cash flow. Specifically, it lets the Treasurer take up to £1,500,000 from the **Trust Fund** (a government savings/investment account) and move it into the **Consolidated Revenue Fund** (the main bank account used for day-to-day government spending).\n\n**Key conditions:**\n- **Source restriction:** The money can't come from reserves held for Australian banknotes (currency reserves required under the Australian Notes Act 1910)\n- **Repayment deadline:** The full amount must be paid back by 30 June 1911\n- **Interest:** 3% per year interest applies, and this interest goes into the Australian Notes Account\n- **Legal protections:** This loan doesn't cancel out any other legal requirements for the Treasurer to hold financial reserves\n\nIn modern terms, this is equivalent to a short-term internal transfer from a term deposit to a transaction account, with strict rules about repayment."}},"importantCases":[],"_links":{"self":"/api/acts/trust-fund-advances-act-1910-no-2","history":"/api/acts/trust-fund-advances-act-1910-no-2/history","analysis":"/api/acts/trust-fund-advances-act-1910-no-2/analysis","conflicts":"/api/acts/trust-fund-advances-act-1910-no-2/conflicts","importantCases":"/api/acts/trust-fund-advances-act-1910-no-2/important-cases","documents":"/api/acts/trust-fund-advances-act-1910-no-2/documents"}}