Loan (War Service Land Settlement) Act 1972

1 Short title

This Act may be cited as the Loan (War Service Land Settlement) Act 1972.

2 Commencement

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

3 Authority to borrow $6,500,000

The Treasurer may, from time to time, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911-1966, or in accordance with the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole Six million five hundred thousand dollars.

4 Application of moneys

Moneys borrowed under this Act shall be issued and applied only for the expenses of borrowing and for the purpose of financial assistance to the States of South Australia, Western Australia and Tasmania in accordance with subsection (1) of States Grants (War Service Land Settlement) Act 1952-1953.section 2 of the