1Glebe Lands (Appropriation) Act 1974

GLEBE LANDS (APPROPRIATION) ACT 1974

No. 35 of 1974

An Act to appropriate the Consolidated Revenue Fund for purposes connected with the Purchase by Australia of certain Lands at Glebe in the State of New South Wales.

BE IT ENACTED by the Queen, the Senate and the House of Representatives of Australia, as follows:—

Short title.

1. This Act may be cited as the Glebe Lands (Appropriation) Act 1974.

Commencement.

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

Appropriation.

3. (1) In this section, “the contract” means the contract dated 14 May 1974 between Glebe Administration Board (in this section referred to as “the Board”) and Australia under which the Board agreed to sell and Australia agreed to purchase, for the sum of $17,500,000, certain lands at Glebe in the State of New South Wales.

(2) For the purposes of the payment by Australia to the Board of the moneys payable to the Board under the contract and not paid before the commencement of this Act, the Consolidated Revenue Fund is appropriated to the extent of $15,750,000.

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