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©State of Queensland

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QUEENSLAND

NMENT LOAN ACT 197

[Reprinted as at 1 May, 19851

An Act to authorize the malaring of arrangements by the State of Queensland pursuant to the provisions of the Commonwealth and States Financial Agreement Act 1927- 1976 for the raising of certain sums of money by way of loan by the State, and for other purposes

[ASSENTED ^TO6 R ~ ~19761 ~ ~ ~ E ~ ,

Preamble. Whereas it is expedient to a u t h o ~ z e the making of arrangements by the State of Queensland p u rs ~ a nt to the provisions of

the ~ommonwealth and ~ t a ~ e ~ F ~ ~ a ~ c i a l A ~ ~Act 19~7-I976 ~ ~ ~ for e n ~ the raising by way of Loan by the said State of certain sums of money

amounting to three hundred million dollars-

Be it therefore enacted by the Queen’s Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:-

1, ~ h title. This Act may be cited as the o ~ Government Loan Act 1976.

retation. For the purposes of this Act-

(a) the term “Financial Agreement” shall mean the Agreement between the Commonwealth and the States as approved, ratified and validated by the Commonwealth and States Financial Agreement Act 1927-1 976;

(b) the terms “Government Stock” and “Inscribed Stock” shall have the meanings respectively assigned to them in The Government Loan Act of 1928.

3. Act to be read as one with the Commonwealth and States F i n a ~ ~ i a l Agreement Act 1927-1976. This Act shall be read and construed with

and subject to the provisions of the C o ~ m o n w e a ~ t h and States F ~ n ~ n ~ ~ a l Agreement Act 1927-1976 and nothing in this Act shall be construed in

derogation of any provision of the Financial Agreement.

4. Authority of State to make ~ r r a n ~ e m e ~ t s to raise a Loan of

$300,000,000. The Governor in Council is hereby au t hor i~ e d and empowered to make arrangements in accordance with and in the manner provided in the Financial Agreement for the raising by way of Loan for the Public Service of the State of Queensland of sums of money not exceeding in the whole the sum of three hundred million dollars

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2 9.5 GOVERNMENT LOAN ACT 1976 9. 7

rvices which may hereafte~

out of moneys standing to the raising thereof 1 sums as may be s u ~ the said sum

tock so issued or created and

o ~ e ~ ~ o r in Council

i n ~ u i r ~ whet he^ such issue was in fact duly authorized.

for, Subject to this Act all Act shall be paid to the er, and shall be by him placed to the credit of the Consolidated

7* ces. Pending the final

ock authorized by this

e Governor in Council may obtain tempo bank, corporation, financial institution or 0th and on such terms as to interest or o t ~ e ~ s e

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s. 8 GOVERNMEKT LOAN ACT 1976

Sinking Fund for the r e ~ e ~ ~ t i o ~ of the sums ~ o ~ under the o ~ e ~ a u t h o ~ t y of this Act.

to be made to the Legislative ~ § s e ~ ~ l y in each year givin~ full i n f o ~ a t i o ~ itor-General shall cause a re

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"4 s . l l GOVERNMENT LOAN ACT 1976 s. 11

in ~ o n n ~ x i o n with the o~erations of S U G ~ Sinking Fund during the last

~ r e ~ ~ d i n g f i n a n ~ i a ~ year.

68006-By Authority: S. R. HAMPSON, ~ 5 ~ ~ ~ r n ~ n t Printer, Queens~and

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Act-

short title of . . .

to be read as one with The Commonwealth and States Fin&;al Agreement Act 1927-1976 . . .

Auditor-General to report to Parliament . . . Authority of State to raise loan . . .

c

Consolidated Revenue Fund-

all stock to be secured upon . . . . . . sums borrowed to be placed to &k credit of . . .

F

Financial Agreement-

meaning of term . . . . . .

G

Government Stock-

Governor in Council may cause to be issued or created . may be sold beyond limits of State . . . meaning of term . . . special provision re. . . . . . . . . . . . . when deemed fully issued . . .

f.

. .

It

. .

' .

. .

Governor in Council-

authorized to raise mone by way of loan

may authorize the sale orgovernment stock beyond the limits of the State . . , , . . . . . . . . . . may Cause stock to be issued or created . . . may obtain temporary advances . . .

I

Inscribed Stock-

may be sold beyond the limits of the State . . . meaning of term . . . . . . . . . . . . . . special provisions re . . . . . to be secured upon C o n s o l i ~ t ~ Revenue . . . rate to be fixed by Governor in Council . . . Treasurer may pay, out of revenue of State

Interest-

. . . . . . . Interpretation. See Meaning of terms.

L

Loan-

application of The Government Loam ~ e d e m p f i ~ n and Conversion to be secured upon C o n ~ l i ~ t e d ' R e v e ~ u e

Act of I923 . . . authority of State to raise . . .

. . .

M

Meaning of terms-

Financial Agree~ent . . . Government Stock . . .

Inscribed Stock . . . . . . . . .

. . . . . .

. . . .

t ..'I

. . . . . . . . .

. . .

. . . .

. . .

. . . . . . . . . . . . . . . . .

. . .

. . . . . .

. , . ,

. .

Page

1 1 3 1

2 2

1

2 2 I 3 2

1 2 2 2

2 1 3 2

2 3

3 2 1

1 1 1

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6 INDEX

Short title of Act

S

. . . s. I

Sinking Fund-

re payments to National Debt ~ o m m i s ~ i o n

report to parliament re . ^. ^{. .} ^{. .} ^{, ,}

to be primary charges on revenue

.

T

Tempomy advances-

Governor in Council may obtain . . . . . .

l l j l ) . . . t

11 (2) ^I ^' .

9 . . . .

7 ~ . .. . . Page

1

3 3 3

2

68006-By Authority: S. R, HAMPSON, Government Printer, Queensland