1States Grants (Special Assistance) Act 1971

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States Grants (Special Assistance)

No. 122 of 1971

An Act to grant Financial Assistance to the States of South Australia and Tasmania.

[Assented to 13 December 1971]

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

Short title.

1. This Act may be cited as the States Grants (Special Assistance) Act 1971.

Commencement.

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

Payment of financial assistance to South Australia and Tasmania.

3.—(1.) Subject to this section, there is payable during the year that commenced on the first day of July, One thousand nine hundred and seventy-one, for the purpose of financial assistance—

(a) to the State of South Australia—the sum of Seven million dollars; and

(b) to the State of Tasmania—the sum of Seven million eight hundred thousand dollars.

(2.) A sum payable to a State under the last preceding sub-section shall be reduced by the sum of any amounts paid to that State under section 4 of the States Grants (Special Assistance) Act 1970.

Advances for year 1972–73.

4. The Treasurer may, during the period of six months commencing on the first day of July, One thousand nine hundred and seventy-two, make advances to the State of South Australia or the State of Tasmania, for the purpose of financial assistance, of amounts not exceeding in the whole a sum equal to one-half of the amount specified in the last preceding section in relation to that State.

Appropriation.

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