{"id":"C1916A00022","name":"War Loan Act 1916","slug":"war-loan-act-1916","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"22 of 1916","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":19021,"registerId":"commonwealth-C1916A00022-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"War Loan Act 1916","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n \n\nWAR LOAN.\n\n![](image.001.png)No. 22 of 1916.\n\nAn Act to authorize the Raising and Expending of the sum of Fifty Million Pounds for War purposes.\n\n[Assented to 30th May, 1916]\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 and citation.\n\n1 . This Act may be cited as the War Loan Act 1916.\n\nAuthority to borrow S50,000,000.\n\n2.    The Treasurer may from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911-1915, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the sum of Fifty million pounds.\n\nPurposed for which money may be borrowed.\n\n![](image.002.png)3.    The amount borrowed shall be issued and applied only for the expenses of borrowing and for War purposes.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1404},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 1916 legislation. The scope remains limited to the original purpose of authorising war borrowing."},"complexity_factors":["Only 3 sections total","No defined terms section","Single, clear purpose with no exceptions or conditional logic","Minimal cross-referencing (only to the Inscribed Stock Act)"],"plain_english_summary":"**What this law does:**\n\nThis Act gives the federal Treasurer power to borrow up to £50 million (a huge sum in 1916) to help pay for World War I.\n\n**Key points:**\n\n* **Who can borrow:** The Commonwealth Treasurer\n* **How much:** Up to £50 million pounds in total\n* **How:** By issuing government bonds (called \"inscribed stock\") under the *Commonwealth Inscribed Stock Act 1911-1915*, or by issuing short-term Treasury Bills\n* **What the money is for:** Only for war expenses and the costs of arranging the loans themselves\n\nIn simple terms, this was Australia's legislative way of opening a massive line of credit to fund the war effort."}},"importantCases":[],"_links":{"self":"/api/acts/war-loan-act-1916","history":"/api/acts/war-loan-act-1916/history","analysis":"/api/acts/war-loan-act-1916/analysis","conflicts":"/api/acts/war-loan-act-1916/conflicts","importantCases":"/api/acts/war-loan-act-1916/important-cases","documents":"/api/acts/war-loan-act-1916/documents"}}