Commonwealth act

Repatriation Loan Act 1921

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

38 of 1921

Collection

act

Plain English Summary

1/10 complexity

What this law does:

This Act gives the Australian government permission to borrow up to £10 million (in 1921 money) to fund programs helping World War I soldiers return to civilian life.

Key points:

The borrowing power: The Treasurer can raise the money by issuing government stock or Treasury Bills (essentially government IOUs)
The purpose: Every dollar must go toward "repatriation" — helping veterans with things like employment, housing, medical care, and settling back into society after the war
Strict limits: The money can only be used for borrowing costs and soldier repatriation — nothing else

Why it matters:

After WWI, Australia faced the massive challenge of reintegrating tens of thousands of returning soldiers. This Act provided the financial backbone for those efforts, ensuring the government could fund support programs without waiting for tax revenue to arrive.

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Current sections

Direct links to the current provisions in Repatriation Loan Act 1921.

Repatriation Loan Act 1921

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REPATRIATION LOAN.

No. 38 of 1921.

An Act to authorize the raising and expending of the sum of Ten million pounds for Repatriation of Soldiers.

[Assented to 22nd December, 1921.]

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 and citation.

1. This Act may be cited as the Repatriation Loan Act 1921.

Authority to borrow £10,000,000.

2. The Treasurer may from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911-1918, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the sum of Ten million pounds.

Purpose for which money may be borrowed.

3. The amount borrowed shall be issued and applied only for the expenses of borrowing and for repatriation of soldiers.

Source text

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