Taking over public debts of States

Taking over public debts of States

- Constitution of Australia

Taking over public debts of States

105. 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 Parliament

Part 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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