{"id":"C1915A00022","name":"War Loan Act (No. 2) 1915","slug":"war-loan-act-no-2-1915","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"22 of 1915","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":12800,"registerId":"commonwealth-C1915A00022-current","compilationNumber":null,"startDate":"2026-03-31","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"War Loan Act (No. 2) 1915","content":"WAR LOAN (No. 2).\n\nNo. 22 of 1915.\n\nAn Act to authorize the borrowing of money from the Government of the United Kingdom.\n\n\\[Assented to 31st July, 1915.\\]\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 War Loan Act (No.2) 1915.\n\nAuthority to borrow.\n\n2. The Treasurer may borrow Six million five hundred thousand pounds from the Government of the United Kingdom.\n\nTo be paid into Consolidated Revenue.\n\n3. Moneys borrowed under this Act shall be paid into the Consolidated Revenue Fund.\n\nConditions of loan.\n\n4. The rate of interest, the date of repayment and the form of security issued in respect of borrowings under this Act, may be such as are approved by the Governor-General.\n\nPayment of principal and interest.\n\n5. The principal moneys borrowed under this Act shall be repayable, and the interest thereon shall be payable, out of the Consolidated Revenue Fund, which is hereby appropriated for the purpose.\n\nRegulations.\n\n6. The Governor-General may make regulations, not inconsistent with this Act, prescribing all matters which by this Act are required or permitted to be prescribed, or which are necessary or convenient to be prescribed, for carrying out or giving effect to this Act.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1757},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The Act maintains its original narrow scope: authorizing a single, specific borrowing transaction from the United Kingdom Government. It contains no extraneous provisions or mission creep beyond the essential machinery needed to execute that loan."},"complexity_factors":["Only 7 sections with no subsections or schedules","No defined terms or interpretation section","Zero cross-references to other Acts","Linear procedural structure with no exceptions or nested conditions","Minimal discretionary powers limited to setting loan terms"],"plain_english_summary":"This Act authorises the Australian Government to borrow £6.5 million from the British Government, with the Treasurer to negotiate and receive the loan and funds paid into the Consolidated Revenue Fund. The Governor‑General sets interest, repayment terms and any security, may make regulations, and repayments (principal and interest) come from the Consolidated Revenue Fund — effectively a taxpayer‑backed, government‑to‑government wartime loan to fund WWI efforts."}},"importantCases":[],"_links":{"self":"/api/acts/war-loan-act-no-2-1915","history":"/api/acts/war-loan-act-no-2-1915/history","analysis":"/api/acts/war-loan-act-no-2-1915/analysis","conflicts":"/api/acts/war-loan-act-no-2-1915/conflicts","importantCases":"/api/acts/war-loan-act-no-2-1915/important-cases","documents":"/api/acts/war-loan-act-no-2-1915/documents"}}