Commonwealth act

Invalid and Old-age Pensions Appropriation Act 1938

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

8 of 1938

Collection

act

Plain English Summary

1/10 complexity

What this law does

This Act authorises the government to withdraw £15 million from Australia’s main government bank account (the Consolidated Revenue Fund) to fund disability and retirement pensions.

The money is placed into a special holding account called the Invalid and Old-age Pensions Fund. This ensures the government has the legal authority and cash available to make payments to:

Invalid pensioners — people unable to work due to disability or illness
Old-age pensioners — elderly Australians receiving retirement income

Why it matters

Appropriation Acts like this are the legal machinery that turns budget promises into actual spendable money. Without this specific law, the government could not legally make pension payments, even if the policy had been announced. It essentially fills the piggy bank that pays for Australia’s social security safety net.

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Current sections

Direct links to the current provisions in Invalid and Old-age Pensions Appropriation Act 1938.

Invalid and Old-age Pensions Appropriation Act 1938

INVALID AND OLD-AGE PENSIONS APPROPRIATION.

No. 8 of 1938.

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

[Assented to 30th June, 1938.]

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 Invalid and Old-age Pensions Appropriation Act 1938.

Commencement.

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

Appropriation of £15,000,000 for Invalid and Old-age Pensions.

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 1901–1934, and known as the Invalid and Old-age Pensions Fund, the sum of Fifteen million pounds for invalid and old-age pensions.

Source text

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

1 Invalid and Old-age Pensions Appropriation Act 1938