1States Grants (Special Assistance) Act 1974

STATES GRANTS (SPECIAL ASSISTANCE)

ACT 1974

No. 107 of 1974

An Act to grant Financial Assistance to Queensland and South Australia.

BE IT ENACTED by the Queen, the Senate and the House of Representatives of Australia, as follows:—

Short title.

1. This Act may be cited as the States Grants (Special Assistance) Act 1974.

Commencement.

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

Payment of financial assistance to a State.

3. (1) Subject to this section, there is payable during the year that commenced on 1 July 1974, for the purpose of financial assistance—

(a) to Queensland—the sum of $24,750,000; and

(b) to South Australia—the sum of $23,500,000.

(2) A sum payable to a State referred to in sub-section (1) shall be reduced by the sum of any amounts paid to that State under section 4 of the States Grants (Special Assistance) Act 1973.

(3) Payments for the purposes of this sub-section shall be made in such amounts and at such times at the Treasurer determines.

Payments for the year 1975-76.

4. The Treasurer may, during the period of 6 months commencing on 1 July 1975, make payments to a State referred to in sub-section 3(1), for the purposes of financial assistance, of amounts not exceeding in the whole a sum equal to one-half of the amount specified in that sub­section 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.