Commonwealth act

Territory Authorities (Financial Provisions) Act 1973

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

133 of 1973

Collection

act

Plain English Summary

2/10 complexity

This Act creates a simple federal funding regime for Territory government corporations: when Parliament appropriates money for a Territory body, the funds are payable to that body but the Treasurer can direct the timing and amounts of payments. Which Territory bodies are covered is set by Governor‑General regulations. It affects Territory authorities and gives the Commonwealth Treasurer cash‑flow oversight of federal payments.

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Current sections

Direct links to the current provisions in Territory Authorities (Financial Provisions) Act 1973.

Territory Authorities (Financial Provisions) Act 1973

Territory Authorities (Financial

Provisions) Act 1973

No. 133 of 1973

AN ACT

Relating to Moneys Appropriated for the purposes of
certain Authorities of the Territories.

[Assented to 13 November 1973]

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

Short title.

This Act may be cited as the Territory Authorities (Financial Provisions) Act 1973.

Commencement.

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

Definition.

In this Act, “prescribed authority of a Territory” means a body corporate that is incorporated for a public purpose by a law of a Territory and is declared by the regulations to be a body corporate in relation to which this Act applies.

Moneys payable to authorities

(1) Moneys appropriated by the Parliament for the purposes of a body corporate that is a prescribed authority of a Territory are, subject to sub-section (2), payable to the body.

(2) The Treasurer may give directions as to the amounts in which, and the times at which, the moneys are to be paid to the body.

Regulations.

The Governor-General may make regulations for the purposes of section 3.

Source text

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

1 Territory Authorities (Financial Provisions) Act 1973