Commonwealth act

States Grants (Special Financial Assistance) Act 1958

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

54 of 1958

Collection

act

Plain English Summary

2/10 complexity

This Act makes a one‑off “top‑up” payment for 1958–59 to any Australian State whose tax‑grant share (calculated under the States Grants (Tax Reimbursement) Act 1946–1948) is less than what it would have received if the total pool were £205 million. The six States are paid the shortfall from the Consolidated Revenue Fund. It’s a fiscal safeguard to protect state revenues under mid‑century federal funding formulas.

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Current sections

Direct links to the current provisions in States Grants (Special Financial Assistance) Act 1958.

States Grants (Special Financial Assistance) Act 1958

STATES GRANTS (SPECIAL FINANCIAL ASSISTANCE).

No. 54 of 1958.

An Act to grant and apply out of the Consolidated Revenue Fund sums for the purpose of Financial Assistance to the States.

[Assented to 1st October, 1958.]

BE it enacted by the Queen’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.

This Act may be cited as the States Grants (Special Financial Assistance) Act 1958.

Commencement.

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

Financial assistance to the States.

There is payable to each State, during the year which commenced on the first day of July, One thousand nine hundred and fifty-eight, for the purpose of financial assistance, an amount calculated in accordance with the next succeeding section.

Amount of financial assistance payable.

The amount payable to a State under this Act is the amount by which the amount calculated in respect of that State under sections six and seven of the States Grants (Tax Reimbursement) Act 1946–1948 in respect of the year which commenced on the first day of July, One thousand nine hundred and fifty-eight, is less than the amount which would be payable to that State if the aggregate grant to be divided amongst the States in accordance with section seven of that Act in respect of that year were Two hundred and five million pounds.

Appropriation.

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

Source text

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

1 States Grants (Special Financial Assistance) Act 1958