{"id":"C2004A00209","name":"Wool Marketing (Loan) Act (No. 2) 1974","slug":"wool-marketing-loan-act-no-2-1974","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"153 of 1974","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":31165,"registerId":"commonwealth-C2004A00209-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Wool Marketing (Loan) Act (No. 2) 1974","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\nWOOL MARKETING (LOAN) ACT (No. 2) 1974\n\n \n\nNo. 153 of 1974\n\n \n\nAn Act to amend the Wool Marketing (Loan) Act 1974.\n\n \n\nBE IT ENACTED by the Queen, the Senate and the House of Representatives of Australia, as follows:—\n\nShort title and citation.\n\n1. (1) This Act may be cited as the Wool Marketing (Loan) Act (No. 2) 1974.\n\n(2) The Wool Marketing (Loan) Act 1974 is in this Act referred to as the Principal Act.\n\n(3) The Principal Act, as amended by this Act, may be cited as the Wool Marketing (Loan) Acts 1974.\n\nCommencement.\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nLoans to Australian Wool Corporation,\n\n3. Section 4 of the Principal Act is amended by omitting from sub-section (1) the figures “$150,000,000” and substituting the figures “$350,000,000”.\n\nAuthority to borrow.\n\n4. Section 6 of the Principal Act is amended by omitting the figures “$150,000,000” and substituting the figures “$350,000,000”.\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":759},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The Act maintains the original scope of supporting wool marketing through government loans; it simply increases the financial cap to accommodate greater need without expanding the scheme's purpose or introducing new operational elements."},"complexity_factors":["Extremely short legislation (only 4 sections)","Mere numerical amendment changing '$150,000,000' to '$350,000,000' in two places","No defined terms, conditions, or exceptions","No cross-references beyond the Principal Act"],"plain_english_summary":"This Act increases the amount of money the Australian Wool Corporation can access in loans from $150 million to $350 million.\n\n**What it does:**\n- Raises the limit on government loans to the Australian Wool Corporation (the body that marketed Australian wool)\n- Raises the corresponding limit on how much the Corporation is allowed to borrow\n\n**Who it affects:**\n- Australian wool growers who relied on the Corporation for price stabilization and marketing support\n- The Australian Wool Corporation itself, giving it more financial capacity to support the wool industry during market downturns\n\n**Why it matters:**\nThis change provided additional financial backing to help stabilize wool prices and support farmers during what was likely a period of market volatility in the 1970s."}},"importantCases":[],"_links":{"self":"/api/acts/wool-marketing-loan-act-no-2-1974","history":"/api/acts/wool-marketing-loan-act-no-2-1974/history","analysis":"/api/acts/wool-marketing-loan-act-no-2-1974/analysis","conflicts":"/api/acts/wool-marketing-loan-act-no-2-1974/conflicts","importantCases":"/api/acts/wool-marketing-loan-act-no-2-1974/important-cases","documents":"/api/acts/wool-marketing-loan-act-no-2-1974/documents"}}