1States Grants Act 1940

STATES GRANTS.

No. 66 of 1940

An Act to grant and apply out of the Consolidated Revenue Fund sums for the purposes of Financial Assistance to the States of South Australia, Western Australia and Tasmania.

[Assented to 16th December, 1940.]

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 States Grants Act 1940.

Commencement.

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

Payment for financial assistance to States.

3. There shall be payable, for the purposes of financial assistance to the States of South Australia, Western Australia and Tasmania, during the year commencing on the first day of July, One thousand nine hundred and forty, the sum of Two million and fifty thousand pounds.

Allocation of grant.

4. The amount payable to each State under this Act shall be the amount shown in the following table opposite the name of that State:—

Method of payment.

5. The amount payable to any State under this Act shall be paid to that State in equal monthly instalments.

Appropriation.

6. Payments in accordance with this Act shall be made out of the Consolidated Revenue Fund, which is hereby appropriated accordingly.