New South Wales act

Public Loans Act 1902

In ForceNSW

Jurisdiction

New South Wales

Act Number

81 of 1902

Collection

act

Plain English Summary

3/10 complexity

Public Loans Act 1902 (NSW)

What is this? This is a very old New South Wales law from 1902 that deals with the government's ability to borrow money (take out public loans). It falls under the responsibility of the NSW Treasurer.

Who does it affect? Primarily the NSW Government and its financial operations. Ordinary members of the public are unlikely to be directly affected in their day-to-day lives.

Why does it matter? It establishes a legal framework for how the NSW Government can raise borrowed funds — for example, by issuing bonds (a type of financial instrument where investors lend money to the government in exchange for interest payments). This kind of law underpins major government spending on infrastructure and public services.

Key things to know:

This law has been essentially frozen in time since 26 December 1928 — it hasn't been updated since then, making it one of the oldest active pieces of NSW legislation still on the books.
The actual text of the Act's provisions is not displayed here — only metadata (administrative information about the Act) is visible in this extract.
The fact that it remains 'in force' despite its age suggests it either still serves a niche legal purpose or has not yet been formally repealed (cancelled).

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Current sections

Direct links to the current provisions in Public Loans Act 1902.

Official source available

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Sourced from legislation.nsw.gov.au, CC BY 4.0.