CONSTITUTION ALTERATION (STATE DEBTS) 1928 

CONSTITUTION ALTERATION (STATE DEBTS) 1928 
- TABLE OF PROVISIONS

1.   Short title [see Note 1]    
2.   Agreements with respect to State debts    

CONSTITUTION ALTERATION (STATE DEBTS) 1928

- LONG TITLE

An Act to alter the Constitution by inserting therein
further Provisions relating to the public debts of the States and the borrowing
of money by the Commonwealth and the States

CONSTITUTION ALTERATION (STATE DEBTS) 1928
- SECT 1   Short title [see Note 1] 

 
        This Act may be cited as Constitution Alteration (State Debts) 1928.

CONSTITUTION ALTERATION (STATE DEBTS) 1928
- SECT 2   Agreements with respect to State debts 

 
        The Constitution is altered by inserting after section one hundred and five
the following section:

"105A  

(1)  The Commonwealth may make agreements with the States with respect to the
public debts of the States, including:

        (a)  the taking over of such debts by the Commonwealth;
        (b)  the management of such debts;
        (c)  the payment of interest and the provision and management of sinking funds
in respect of such debts;
        (d)  the consolidation, renewal, conversion, and redemption of such debts;
        (e)  the indemnification of the Commonwealth by the States in respect of debts
taken over by the Commonwealth; and
        (f)  the borrowing of money by the States or by the Commonwealth, or by the
Commonwealth for the States.

    "(2)    The Parliament may make laws for validating any such agreement made
before the commencement of this section.
    "(3)    The Parliament may make laws for the carrying out by the parties thereto
of any such agreement.
    "(4)    Any such agreement may be varied or rescinded by the parties thereto.
    "(5)    Every such agreement and any such variation thereof shall be binding
upon the Commonwealth and the States parties thereto notwithstanding anything
contained in this Constitution or the Constitution of the several States or in
any law of the Parliament of the Commonwealth or of any State.
    "(6)    The powers conferred by this section shall not be construed as being
limited in any way by the provisions of section one hundred and five of this
Constitution.".

CONSTITUTION ALTERATION (STATE DEBTS) 1928

- NOTES

Compilation Information

[GRAPHIC]Constitution Alteration (State Debts) 1928
Act No. 1 of 1929
This Act was prepared on 19 March 2004
Prepared by the Office of Legislative Drafting,Attorney-General's
Department, Canberra
  
  
  

CONSTITUTION ALTERATION (STATE DEBTS) 1928

- NOTES

Preamble

Preamble
BE It enacted by the King's Most Excellent Majesty, the Senate, and the House
of Representatives of the Commonwealth of Australia, with the approval of the
electors, as required by the Constitution, as follows:

CONSTITUTION ALTERATION (STATE DEBTS) 1928

- NOTES

CONSTITUTION ALTERATION (STATE DEBTS) 1928Notes to the Constitution Alteration (State Debts) 1928

 

Note 1

Act No. 1, 1929; assented to 13 February 1929.