Commonwealth act

Invalid and Old-age Pensions Appropriation Act 1924

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

43 of 1924

Collection

act

Plain English Summary

1/10 complexity

This Act authorizes the Australian Government to withdraw £10 million from the national treasury (called the Consolidated Revenue Fund) to pay for invalid (disability) and old-age pensions.

What it does:

Appropriates funds: It legally sets aside the money needed to pay pensions to eligible elderly and disabled Australians.
Trust Account: The money goes into a special holding account called the Invalid and Old-age Pensions Fund, established under auditing laws, to ensure the funds are used only for pension payments.

Who it affects:

Pensioners: Elderly and disabled Australians relying on government support.
Taxpayers: The Act draws on public revenue to fund these social security payments.

Why it matters: Without this Act, the government would have no legal authority to spend public money on pensions. This is a routine but essential "supply" law that keeps the social security system funded.

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Current sections

Direct links to the current provisions in Invalid and Old-age Pensions Appropriation Act 1924.

Invalid and Old-age Pensions Appropriation Act 1924

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invalid and old age pensions appropriation.

No. 43 of 1924.

An Act to grant and apply out of the Consolidated Revenue Fund a sum for Invalid and Old-age Pensions.

[Assented to 20th October, 1924.]

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.

1. This Act may be cited as the Invalid and Old-age Pensions Appropriation Act 1924.

Appropriation of £10,000,000 for Invalid and old-age pensions.

2. There shall be payable out of the Consolidated Revenue Fund, which is hereby appropriated accordingly for the purposes of the Trust Account established under the Audit Act 1901–1920, and known as the Invalid and Old-age Pensions Fund, the sum of Ten million pounds for invalid and old-age pensions.

Source text

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