Taking over public debts of States | |||||||||||||
Taking over public debts of States- Constitution of Australia | |||||||||||||
Taking over public debts of States105. The Parliament may take over from the States their public debts, or a proportion thereof according to the respective numbers of their people as shown by the latest statistics of the Commonwealth, and may convert, renew, or consolidate such debts, or any part thereof; ad the States shall indemnify the Commonwealth in respect of the debts taken over, and thereafter the interest payable in respect of the debts shall be deducted and retained from the portions of the surplus revenue of the Commonwealth payable to the several States, or if such surplus is insufficient, or if there is no surplus, then the deficiency or the whole amount shall be paid by the several States. | |||||||||||||
Constitution of Australia
Bill Of Rights | |||||||||||||
Commonwealth of Australia Constitution Act
Chapter I - The ParliamentPart I - General
| Part II - The Senate
| Part III - The House of Representatives
| Part IV - Both Houses of the Parliament
| Part V - Powers of the Parliament
| Chapter II - The Executive Government The Executive Government
| Chapter III - The Judicature The Judicature
| Chapter IV - Finance And Trade Finance And Trade
| Chapter V - The States The States
| Chapter VI - New States New States
| Chapter VII - Miscellaneous Miscellaneous
| Chapter VIII - Alteration Of The Constitution Alteration Of The Constitution
| Schedule Schedule
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