{"id":"C1915A00050","name":"War Loan Act (No. 3) 1915","slug":"war-loan-act-no-3-1915","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"50 of 1915","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":19001,"registerId":"commonwealth-C1915A00050-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"War Loan Act (No. 3) 1915","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 (No. 3).\n\n \n\nNo. 50 of 1915.\n\nAn Act to authorize the raising and expending of the sum of Eighteen million pounds for War purposes.\n\n[Assented to 15th November, 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. 3) 1915.\n\nTreasurer may borrow £18,000,000.\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 amount of Eighteen 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":2293},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The legislation maintains its original narrow scope of authorizing specific borrowing for World War I expenditure."},"complexity_factors":["Only 3 short operative sections","No definitions section or technical legal terms requiring interpretation","Single straightforward authorization without exceptions, conditions, or nested logic","Minimal cross-referencing (only references the Commonwealth Inscribed Stock Act 1911-1915)","No delegated legislation or regulatory powers"],"plain_english_summary":"This Act authorises the Commonwealth to borrow up to £18 million to fund Australia’s World War I effort by issuing government bonds (Inscribed Stock) and Treasury Bills. Borrowed funds may only cover loan-raising costs and direct “war purposes” (military and supply expenses). It lets the government finance wartime needs by borrowing from the public and banks, making purchasers lenders to the war effort."}},"importantCases":[],"_links":{"self":"/api/acts/war-loan-act-no-3-1915","history":"/api/acts/war-loan-act-no-3-1915/history","analysis":"/api/acts/war-loan-act-no-3-1915/analysis","conflicts":"/api/acts/war-loan-act-no-3-1915/conflicts","importantCases":"/api/acts/war-loan-act-no-3-1915/important-cases","documents":"/api/acts/war-loan-act-no-3-1915/documents"}}