About: Loan Council

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The Loan Council is an Australian Commonwealth-state ministerial council that coordinates public sector borrowing, comprising the Commonwealth of Australia and the states and self-governing territories, New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania the Australian Capital Territory, and the Northern Territory. The Loan Council now operates under the Financial Agreement between the Commonwealth, States and Territories of 25 February 1994, which is incorporated as a schedule to the Financial Agreement Act 1994, which came into effect on 1 July 1995. The 1994 arrangements made significant changes to the previous arrangements, the main changes being:

Attributes	Values
rdf:type	settlement
rdfs:label	Loan Council (en)
rdfs:comment	The Loan Council is an Australian Commonwealth-state ministerial council that coordinates public sector borrowing, comprising the Commonwealth of Australia and the states and self-governing territories, New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania the Australian Capital Territory, and the Northern Territory. The Loan Council now operates under the Financial Agreement between the Commonwealth, States and Territories of 25 February 1994, which is incorporated as a schedule to the Financial Agreement Act 1994, which came into effect on 1 July 1995. The 1994 arrangements made significant changes to the previous arrangements, the main changes being: (en)
dcterms:subject	Loans Government of Australia 1923 establishments in Australia Government finances in Australia
Wikipage page ID	10824762 (xsd:integer)
Wikipage revision ID	1086754352 (xsd:integer)
Link from a Wikipage to another Wikipage	Premier of New South Wales Queensland Joseph Lyons United Australia Party Loans Commonwealth of Australia Constitution of Australia Gentlemen's agreement Otto Niemeyer Government of Australia Australian Capital Territory 1923 establishments in Australia Treasurer of Australia Western Australia Loans affair Northern Territory Jack Lang (Australian politician) Tasmania Government finances in Australia South Australia Great Depression in Australia New South Wales Australian referendum, 1928 Fiscal imbalance in Australia Lang Dismissal Crisis Australian Treasury
Link from a Wikipage to an external page	https://web.archive.org/web/20060820102743/http:/www.treasury.gov.au/documents/186/HTML/docshell.asp%3FURL=loancouncil.asp http://www.aph.gov.au/binaries/library/pubs/bp/1993/93bp29.pdf http://www.aph.gov.au/binaries/library/pubs/rn/2001-02/02rn43.pdf
sameAs	Loan Council Loan Council Loan Council Loan Council
dbp:wikiPageUsesTemplate	dbt:Reflist dbt:Use_Australian_English dbt:Use_dmy_dates
has abstract	The Loan Council is an Australian Commonwealth-state ministerial council that coordinates public sector borrowing, comprising the Commonwealth of Australia and the states and self-governing territories, New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania the Australian Capital Territory, and the Northern Territory. The Loan Council now operates under the Financial Agreement between the Commonwealth, States and Territories of 25 February 1994, which is incorporated as a schedule to the Financial Agreement Act 1994, which came into effect on 1 July 1995. The 1994 arrangements made significant changes to the previous arrangements, the main changes being: * the Commonwealth and the states each nominate a 'Loan Council Allocation' (LCA), which does not need to be approved by the Loan Council, * the Commonwealth no longer borrows on a state's behalf, * the states can now enter into whatever financial arrangements they choose and can issue securities in their own names, and * the Australian Capital Territory and Northern Territory became full-voting members of the Loan Council (they previously had observer status). The Loan Council consists of the Prime Minister of Australia, the premier of each state and chief minister of each territory. However, in practice each member is represented by a nominee, usually the treasurer of that jurisdiction. The Treasurer of Australia acts as the chair and the Commonwealth Treasury provides secretarial services. Each jurisdiction nominates a Loan Council Allocation for the forthcoming year and the Loan Council normally meets once a year in person (usually in March) to consider the nominations having regard to each jurisdiction's fiscal position and the macroeconomic implications of the aggregate figure; otherwise business of the council is conducted by correspondence. The Commonwealth has a dominant position over the council, having two votes and also a casting vote. Under this arrangement, the votes of six states/territories are required to outvote a Commonwealth proposition. In the interest of transparency, each jurisdiction is required to publish its Loan Council Allocation estimates, under the 'Uniform Presentation Framework'. The method of public release is the responsibility of each jurisdiction. (en)
gold:hypernym	Council
prov:wasDerivedFrom	wikipedia-en:Loan_Council?oldid=1086754352&ns=0
page length (characters) of wiki page	8633 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Loan_Council
is Link from a Wikipage to another Wikipage of	Whitlam government 1928 Australian referendum (State Debts) Council of Australian Governments Timeline of the expansion of federal powers in Australia Fraser government Gough Whitlam Stanley Bruce Loans affair Alfred Deakin Earle Page History of Australia History of Australia (1901–1945) James Scullin Ted Theodore Australian government debt Commonwealth-State financial relations Commonwealth-State relations Loans Council
is Wikipage redirect of	Commonwealth-State financial relations Commonwealth-State relations Loans Council
is foaf:primaryTopic of	wikipedia-en:Loan_Council

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