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Australia Act or statute

Australia legislation

ACT Government Loan Act 2014

This Act may be cited as the ACT Government Loan Act 2014.

Source excerpt

budget appropriationsgovernment loansgovernment paymentsintergovernmental agreementsproject financingstatutory commencement
Jurisdiction
Australia
Status
In force
Official identity
Year 2014 · Number 132
Dates
Enacted 12 Dec 2014 · Source version 12 Dec 2014
More statute details
Dates
Enacted 12 Dec 2014 · Source version 12 Dec 2014
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Professional statute overview

Enactment structure, operative effect and source provenance

Official source

01

Purpose and legislative effect

“This Act may be cited as the ACT Government Loan Act 2014.”

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02

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  1. 01

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    Enacted 12 Dec 2014 · Source version 12 Dec 2014. The date shown identifies this source expression and should not be treated as proof that no later change exists.

  2. 02

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  3. 03

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  4. 04

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03

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Short title

This Act may be cited as the ACT Government Loan Act 2014.

Section 1

Commencement

This Act starts the day after Royal Assent.

Section 2

ACT Government loan

The Commonwealth may lend money to the Australian Capital Territory for asbestos remediation and related purposes.

Section 3

04

Source and current-law status

In force source record

Source record from www.legislation.gov.au · Enacted 12 Dec 2014 · Source version 12 Dec 2014

In force

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Official record

Source-indexed provision map

Sections and provisions

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Showing 4 of 4 provisions

Provision 2Short titleCommencement
§ 1Short titleShort title

Source excerpt

This Act may be cited as the ACT Government Loan Act 2014.

1 Short title This Act may be cited as the ACT Government Loan Act 2014 .
Section 1Verify source
§ 2CommencementCommencement

Source excerpt

This Act starts the day after Royal Assent.

2 Commencement This Act commences on the day after this Act receives the Royal Assent.
Section 2Verify source
§ 3ACT Government loanProvision

Source excerpt

The Commonwealth may lend money to the Australian Capital Territory for asbestos remediation and related purposes.

3 ACT Government loan (1) The Commonwealth may make a loan of money to the Australian Capital Territory for: (a) the purpose of undertaking an asbestos remediation program; and (b) purposes related to that program. (2) The terms and conditions on which the loan is to be made are to be set out in a written agreement between the Commonwealth and the Australian Capital Territory. (3) The loan is to be for a total amount that: (a) is to be determined by or under the agreement; and (b) does not exceed $1 billion. (4) The loan is to be made by way of one or more payments, the amounts and timing of which are to be determined by or under the agreement. (5) The Minister administering the Australian Capital Territory (Self ‑ Government) Act 1988 may enter into the agreement on behalf of the Commonwealth.
Section 3Verify source
§ 4Appropriation of Consolidated Revenue FundProvision

Source excerpt

This section appropriates the Consolidated Revenue Fund up to $750 million for payments made under the agreement mentioned in section 3.

4 Appropriation of Consolidated Revenue Fund The Consolidated Revenue Fund is appropriated to the extent of $750 million for the purposes of making a payment or payments determined by or under the agreement mentioned in section 3. Note: Any further payments determined by or under the agreement may be made if money is available for the purpose in accordance with an appropriation made by the Parliament (other than under this Act). [ Minister’s second reading speech made in— House of Representatives on 27 November 2014 Senate on 3 December 2014 ] (248/14)
Section 4Verify source

Legislative relationships

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Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint
  • 12 Dec 2014 · currentEnglish · In force

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