Commonwealth act

Appropriation Act (No. 3) 1971-72

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

125 of 1971

Collection

act

Plain English Summary

1/10 complexity

This Act gives the Government legal authority to spend $30 million from the national treasury (the Consolidated Revenue Fund) to support the Australian Wool Commission.

What this means:

The money: $30 million is allocated from general government revenue specifically for wool industry operations.
The recipient: The Australian Wool Commission — a government body established under the Australian Wool Commission Act 1970 to manage wool marketing and stabilise prices for Australian wool growers.
Additional funding: This amount supplements money already provided in Appropriation Act (No. 2) 1971-72, indicating the Wool Commission required extra resources during this financial year.

Why it matters: During the early 1970s, wool was a major Australian export. This funding ensured the Wool Commission could continue operations supporting the agricultural sector without waiting for the next regular budget cycle.

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Current sections

Direct links to the current provisions in Appropriation Act (No. 3) 1971-72.

Appropriation Act (No. 3) 1971-72

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Appropriation (No. 3) 1971-72

No. 125 of 1971

An Act to appropriate a sum out of the Consolidated Revenue Fund for the purposes of the Australian Wool Commission Act 1970.

[Assented to 13 December 1971]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title.

1. This Act may be cited as the Appropriation Act (No. 3) 1971-72.

Commencement.

2. This Act shall come into operation on the day on which it receives the Royal Assent.

Appropriation.

3. In addition to the sum appropriated by the Appropriation Act (No. 2) 1971-72, the sum of Thirty million dollars is appropriated out of the Consolidated Revenue Fund for the purposes of the Australian Wool Commission Act 1970.

Source text

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