Commonwealth act

Apple and Pear (Appropriation) Act 1941

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

66 of 1941

Collection

act

Plain English Summary

1/10 complexity

What this law does

This Act authorises the government to pay £1.4 million (in 1941 currency) to the Commonwealth Bank of Australia. The payment repays a loan the bank gave to the government during World War II.

Why the loan existed

During the war, the government used emergency powers (the National Security (Apple and Pear Acquisition) Regulations) to take control of the nation's apple and pear crops. The Commonwealth Bank advanced the money needed to buy this fruit from growers. This Act simply appropriates (sets aside) the public funds to pay back that bank advance.

Who it affects

Primarily the government and the Commonwealth Bank. Indirectly, it affects taxpayers (whose money repays the debt) and the apple and pear growers who would have been paid under the wartime acquisition scheme.

In short: This is a straightforward debt repayment bill—using tax revenue to settle a wartime fruit-purchasing loan.

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Current sections

Direct links to the current provisions in Apple and Pear (Appropriation) Act 1941.

Apple and Pear (Appropriation) Act 1941

APPLE AND PEAR APPROPRIATION.

No. 66 of 1941.

An Act to grant and apply out of the Consolidated Revenue Fund a sum for the Purpose of repaying to the Commonwealth Bank of Australia Advances made for the Purposes of the National Security (Apple and Pear Acquisition) Regulations.

[Assented to 3rd December, 1941.]

[Date of commencement, 31st December. 1941.]

Preamble.

BE it enacted by the King’s Most Excellent Majesty, the Senate and the House of Representatives of the Commonwealth of Australia, for the purpose of appropriating the grant originated in the House of Representatives, as follows:—

Short title.

This Act may be cited as the Apple and Pear (Appropriation) Act 1941.

Appropriation for repayment of moneys advanced by Commonwealth Bank.

There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly, the sum of One million four hundred thousand pounds for the purpose of repaying to the Commonwealth Bank of Australia moneys advanced by the Bank to the Commonwealth for the purposes of the National Security (Apple and Pear Acquisition) Regulations (being Statutory Rules 1939, No. 148, as amended from time to time).

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Apple and Pear (Appropriation) Act 1941