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Loan Council
The Loan Council is an Australian Commonwealth-state ministerial council that coordinates public sector borrowing,Budget office/ref> 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 ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Of Australia
Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a megadiverse country, and its size gives it a wide variety of landscapes and climates, with deserts in the centre, tropical rainforests in the north-east, and mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately 65,000 years ago, during the last ice age.religious_traditions_in_the_world._Australia's_history_of_Australia.html" ;"title="The_Dreaming.html" ;"title="Aboriginal_Art.html" "title="he Story of Australia's People, Volume 1: The Rise and Fall of Ancient Australia, Penguin Books Australia Ltd., Vic., ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Otto Niemeyer
Sir Otto Ernst Niemeyer (23 November 1883 – 6 February 1971) was a British banker and civil servant. He served as a director of the Bank of England from 1938 to 1952 and a director of the Bank for International Settlements from 1931 to 1965. An Oxford graduate, Niemeyer began working for HM Treasury in 1906 and rose rapidly through the ranks, finishing his time there as controller of finance (1922–1927). He was recruited to the Bank of England by Montagu Norman, 1st Baron Norman, Montagu Norman, and represented the bank at the League of Nations and on a number of missions overseas. His visit to Australia in 1930 contributed to a political crisis that resulted in the Australian Labor Party split of 1931 and the collapse of James Scullin's government. Personal life Niemeyer was born in Streatham, London, the eldest of three children born to Ethel (née Rayner) and Ernst August Wilhelm Niemeyer. His mother was English. His father, originally from Hanover, Germany, arrived in B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1923 Establishments In Australia
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album '' Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by Slipknot. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Australia
The Australian Government, also known as the Commonwealth Government, is the national government of Australia, a federalism, federal parliamentary system, parliamentary constitutional monarchy. Like other Westminster system, Westminster-style systems of government, the Australian Government is made up of three branches: the executive (the Prime Minister of Australia, prime minister, the Ministers of the Crown, ministers, and government departments), the legislative (the Parliament of Australia), and the Judiciary of Australia, judicial. The legislative branch, the federal Parliament, is made up of two chambers: the House of Representatives (Australia), House of Representatives (lower house) and Australian Senate, Senate (upper house). The House of Representatives has 151 Member of parliament, members, each representing an individual electoral district of about 165,000 people. The Senate has 76 members: twelve from each of the six states and two each from Australia's internal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Imbalance In Australia
The fiscal imbalance in Australia is the disparity between the revenue generation ability of the three levels of governments in Australia relative to their spending obligations; but in Australia the term is commonly used to refer more specifically to the vertical fiscal imbalance, the discrepancy between the federal government's extensive capacity to raise revenue and the responsibility of the States to provide most public services, such as physical infrastructure, health care, education etc., despite having only limited capacity to raise their own revenue. In Australia, vertical fiscal imbalance is addressed by the transfer of funds as grants from the federal government to the states and territories. Vertical fiscal imbalance Vertical fiscal imbalance in Australia is largely the product of the Commonwealth's takeover of income taxes in 1942, during World War II, and rulings of the High Court of Australia that made various state taxes unconstitutional under the Australian Consti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gentlemen's Agreement
A gentlemen's agreement, or gentleman's agreement, is an informal and legally non-binding agreement between two or more parties. It is typically oral, but it may be written or simply understood as part of an unspoken agreement by convention or through mutually-beneficial etiquette. The essence of a gentlemen's agreement is that it relies upon the honor of the parties for its fulfillment, rather than being in any way enforceable. It is distinct from a legal agreement or contract. History The phrase appears in the British parliamentary records in 1821 and in the Massachusetts public records in 1835. The ''Oxford English Dictionary'' cites P. G. Wodehouse's 1929 story collection ''Mr Mulliner Speaking'' as the first appearance of the term. Industry A gentleman's agreement, defined in the early 20th century as "an agreement between gentlemen looking toward the control of prices," was reported by one source to be the loosest form of a "pool." Such agreements have been reported to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lang Dismissal Crisis
The 1932 dismissal of Premier Jack Lang by New South Wales Governor Philip Game was the first real constitutional crisis in Australia. Lang remains the only Australian premier to be removed from office by his governor, using the reserve powers of the Crown. Background Early in 1931 Jack Lang released his own plan to combat the Great Depression in Australia; this became known as "the Lang Plan". This was in contrast to the "Melbourne Agreement", later known as the Premiers' Plan, which all other state governments and the federal government had agreed to in 1930. Lang believed that the Depression was essentially caused by overseas bankers who were greedy for even more money and that this deflationary plan would only secure their wealth. Key points of the Lang Plan included the reduction of interest owed by Australian governments on debts within Australia to 3%, the cancellation of interest payments to overseas bondholders and financiers on government borrowings, the injec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Lyons
Joseph Aloysius Lyons (15 September 1879 – 7 April 1939) was an Australian politician who served as the List of prime ministers of Australia by time in office, 10th Prime Minister of Australia, in office from 1932 until his death in 1939. He began his career in the Australian Labor Party (ALP), but became the founding leader of the United Australia Party (UAP) after the Australian Labor Party split of 1931. He had earlier served as Premier of Tasmania from 1923 to 1928. Lyons was born in Stanley, Tasmania, Stanley, Tasmania, and before entering politics worked as a schoolteacher. He was active in the Labor Party from a young age and won election to the Tasmanian House of Assembly in 1909. He served as Treasurer of Tasmania (1912–1914) under John Earle (Australian politician), John Earle, before replacing Earle as party leader in 1916. After two elections that ended in hung parliaments, Lyons was appointed premier in 1923 at the head of a minority government. He pursued mode ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Australia Party
The United Australia Party (UAP) was an Australian political party that was founded in 1931 and dissolved in 1945. The party won four federal elections in that time, usually governing in coalition with the Country Party. It provided two prime ministers: Joseph Lyons ( 1932–1939) and Robert Menzies ( 1939–1941). The UAP was created in the aftermath of the 1931 split in the Australian Labor Party. Six fiscally conservative Labor MPs left the party to protest the Scullin Government's financial policies during the Great Depression. Led by Joseph Lyons, a former Premier of Tasmania, the defectors initially sat as independents, but then agreed to merge with the Nationalist Party and form a united opposition. Lyons was chosen as the new party's leader due to his popularity among the general public, with former Nationalist leader John Latham becoming his deputy. He led the UAP to a landslide victory at the 1931 federal election, where the party secured an outright majority in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premier Of New South Wales
The premier of New South Wales is the head of government in the state of New South Wales, Australia. The Government of New South Wales follows the Westminster Parliamentary System, with a Parliament of New South Wales acting as the legislature. The premier is appointed by the governor of New South Wales, and by modern convention holds office by his or her ability to command the support of a majority of members of the lower house of Parliament, the Legislative Assembly. Before Federation in 1901 the term "prime minister of New South Wales" was also used. "Premier" has been used more or less exclusively from 1901, to avoid confusion with the federal prime minister of Australia. The current premier is Dominic Perrottet, the leader of the New South Wales Liberal Party, who assumed office on 5 October 2021. Perrottet replaced Gladys Berejiklian on 5 October 2021, after Berejiklian resigned as premier. List of premiers of New South Wales Statistics The median age of a premier ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jack Lang (Australian Politician)
John Thomas Lang (21 December 1876 – 27 September 1975), usually referred to as J. T. Lang during his career and familiarly known as "Jack" and nicknamed "The Big Fella", was an Australian politician, mainly for the New South Wales Branch of the Labor Party. He twice served as the 23rd Premier of New South Wales from 1925 to 1927 and again from 1930 to 1932. He was dismissed by the Governor of New South Wales, Sir Philip Game, at the climax of the 1932 constitutional crisis and resoundingly lost the resulting election and subsequent elections as Leader of the Opposition. He later formed Lang Labor that contested federal and state elections and was briefly a member of the Australian House of Representatives. Early life John Thomas Lang was born on 21 December 1876 on George Street, Sydney, close to the present site of The Metro Theatre (between Bathurst and Liverpool Streets). He was the third son (and sixth of ten children) of James Henry Lang, a watchmaker born in Edin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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