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Thursday, 3 March 1932

Clause 14 -

Without prejudice to the foregoing provisions of this act, if at any time during the currency of any proclamation relating to any State, any moneys come into the possession or control of the Commonwealth in pursuanceor by virtue of the Financial Agreements, or of any decision of the Loan Council, for and on behalf of that State, or for the purpose of payment to that State, or to which that State has any claim under those agreements, those moneys shall be charged with the due performance by that State of its obligations under those agreements, and may be applied in discharge of any liabilities of that State which have accrued under those agreements :

Provided that if the Auditor-General certifies that tho obligations of the State under those agreements have been satisfied, or, if in any action, suit or other proceedings to which the Commonwealth is a party or in which it has intervened, the High Court determines that no amount was due and payable and unpaid by the State to the Commonwealth under or in pursuance of those agreements, the moneys which have so come into the possession or control of the Commonwealth shall be dealt willi in the same manner as is specified in section eighteen of this act.







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