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Non-government Schools (Loans Guarantee) Act - Reports - Years - 1980 and 1981


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The Parliament of the Commonwealth of Australia

NON GO VERNM ENT SCHOOLS (LOANS GUARANTEE) ACT 1977

Annual Reports— 1980 and 1981

Presented pursuant to Statute 22 A p ril 1982 Ordered to be prin te d 5 May 1982

Parliamentary Paper No. 112/1982

AUSTRALIA,.^

NON GOVERNMENT SCHOOLS (LOANS GUARANTEE) ACT 1977

ANNUAL REPORTS- 1980 A N D 1981

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NON-GOVERNMENT SCHOOLS (LOANS GUARANTEE) ACT 1977

ANNUAL REPORT - 1981

February 1982

MINISTER FOR EDUCATION

PARLIAMENT HOUSE

CANBERRA A CT

NON-GOVERNMENT SCHOOLS LOANS GUARANTEE SCHEME ANNUAL REPORT - YEAR ENDED 31 DECEMBER 1981

On 19 November 1981, the Royal Assent was granted to the Non-government Schools (Loans Guarantee) Amendment Act 1981 which amended the Non-government Schools (Loans Guarantee) Act 1977, the Principal Act under which this scheme operates. The consequences of the amendment will be to bring the provisions operating in the States under this

scheme more into line with those operating under the comparable scheme for non-government schools in the Australian Capital Territory and the Northern Territory. It will extend the eligibility for guarantees to proposed

schools in addition to existing schools, and permit the guarantee of the payment of interest moneys in addition to the repayment of principal moneys. It is still necessary for school authorities to demonstrate that the terms and conditions of the loan are satisfactory and also that the guarantee will either aid the obtaining of a loan or enable

its procurement on better terms. Principal moneys guaranteed may not at any time be the subject of a Commonwealth grant.

The amendment of the Principal Act was not effected in sufficient time for the school authorities currently seeking guarantees by the Commonwealth under the new provisions to have the guarantee documents signed prior to the end of the year. During the year ended 31 December 1981 no guarantees were given and no payments were made by the Commonwealth under any guarantee. This report satisfies the requirement under section 12 of the Act.

WAL. FIFE

February 1982

NON-GOVERNMENT SCHOOLS (LOANS GUARANTEE) ACT 1977

ANNUAL REPORT - 1980

December 1981

MINISTER FOR EDUCATION

PARLIAMENT HOUSE

CANBERRA A C T

NON-GOVERNMENT SCHOOLS LOANS GUARANTEE SCHEME ANNUAL REPORT - YEAR ENDED 31 DECEMBER 1980

The Non-government Schools (Loans Guarantee) Act of 1977 established the loans guarantee scheme whereby the Commonwealth Is authorized to give guarantees In respect of the principal moneys of certain loans made to non-government schools in the States. Loans raised must be for the purpose of expenditure on the construction of approved priority school facilities and guarantees are to be made available where loan moneys would not otherwise have been available,

or not available on satisfactory terms and conditions.

This Report is required to be laid before each House of the Parliament under Section 12 of the Act. During the year ended 31 December 1980 no applications were received for guarantees under the Act; accordingly, no guarantees were given and also no payments were made by the Commonwealth under any guarantee throughout that period.

WAL. FIFE

December 1981