{"id":"C1918A00013","name":"War Loan Act 1918","slug":"war-loan-act-1918","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"13 of 1918","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":19103,"registerId":"commonwealth-C1918A00013-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"War Loan Act 1918","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\nWAR LOAN.\n\n \n\nNo. 13 of 1918.\n\nAn Act to authorize the raising and expending of the sum of Eighty million pounds for War purposes.\n\n[Assented to 11th June, 1918.]\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 1918.\n\nAuthority to borrow £80,000,000.\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 Eighty million pounds.\n\nPurpose for which money may be borrowed.\n\n3. The amount borrowed shall be issued and applied only for the expenses of borrowing and for War purposes.\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1240},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This original enactment maintains a tightly focused scope limited exclusively to raising £80 million for WWI expenses. The legislation has not expanded beyond this specific borrowing authority."},"complexity_factors":["Extremely short: only 3 operative sections","No definitions or interpretation section","Minimal cross-referencing (references only 2 existing Acts)","No conditional language, exceptions, or sunset clauses","Single, absolute prohibition on alternative uses of funds"],"plain_english_summary":"This law authorises the Australian Government to borrow up to £80 million to fund World War I operations.\n\n**What it does:**\n- Gives the Treasurer power to raise loans using existing borrowing mechanisms (Commonwealth Inscribed Stock or Treasury Bills)\n- Caps total borrowing at £80 million\n- Restricts the money to two uses only: paying for the war itself, and covering the administrative costs of arranging the loans\n\n**Who it affects:**\n- The Government (specifically the Treasurer), who gains temporary spending power\n- Future Australian taxpayers, who would ultimately repay the debt\n- Investors willing to lend money to the government through war bonds\n\n**Why it matters:**\n- Passed during WWI, this represents emergency fiscal legislation allowing Australia to finance its massive military commitment without immediate taxation\n- Demonstrates how governments use legislative authority to create national debt for wartime expenditure"}},"importantCases":[],"_links":{"self":"/api/acts/war-loan-act-1918","history":"/api/acts/war-loan-act-1918/history","analysis":"/api/acts/war-loan-act-1918/analysis","conflicts":"/api/acts/war-loan-act-1918/conflicts","importantCases":"/api/acts/war-loan-act-1918/important-cases","documents":"/api/acts/war-loan-act-1918/documents"}}