Commonwealth act

Loan (Housing) Act 1945

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

45 of 1945

Collection

act

Plain English Summary

1/10 complexity

This Act authorises the federal government to borrow up to £15 million (1945 money) to fund public housing, by issuing Commonwealth Inscribed Stock or Treasury Bills. All funds must be lent to the States under the Commonwealth–State Housing Agreement to finance post‑war building of houses and flats.

It affects State governments as borrowers and families seeking affordable housing, creating a federal financing pipeline for Australia’s post‑war public housing effort.

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Current sections

Direct links to the current provisions in Loan (Housing) Act 1945.

Loan (Housing) Act 1945

LOAN (HOUSING).

No. 45 of 1945.

An Act to authorize the Raising of Moneys to be advanced to the States for the purposes of Housing.

[Assented to 11th October, 1945.]

[Date of commencement, 8th November, 1945.]

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

Short title.

This Act may be cited as the Loan (Housing) Act 1945.

Authority to borrow £15,000,000.

The Treasurer may, from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911–1945, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the sum of Fifteen million pounds.

Application of moneys.

Moneys borrowed under this Act shall be issued and applied only for the expenses of borrowing and for making advances to the States for the purposes of housing in pursuance of the agreement the execution of which is authorized by the Commonwealth and State Housing Agreement Act 1945.

Source text

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

1 Loan (Housing) Act 1945