Section 87 Of The Constitution Of Australia
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Section 87 Of The Constitution Of Australia
Chapter IV of the Constitution of Australia pertains to trade (including between states and between the states and the Commonwealth), the appropriation of funds for the Commonwealth, state debts, and funds for the states given to them by the Commonwealth. Much of it no longer applies. Sections There are 25 sections to Chapter IV, and one subsection: * Section 81: Consolidated Revenue Fund * Section 82: Expenditure charged thereon * Section 83: Money to be appropriated by law * Section 84: Transfer of officers * Section 85: Transfer of property of State * Section 86: Customs, excise, and bounties * Section 87: Revenue from customs and excise duties * Section 88: Uniform duties of customs * Section 89: Payment to States before uniform duties * Section 90: Exclusive power over customs, excise, and bounties * Section 91: Exceptions as to bounties * Section 92: Trade within the Commonwealth to be free * Section 93: Payment to States for five years after uniform tariffs * Section 94: ...
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Consolidated Revenue Fund
In many states with political systems derived from the Westminster system, a consolidated fund or consolidated revenue fund is the main bank account of the government. General taxation is taxation paid into the consolidated fund (as opposed to hypothecated taxes earmarked for specific purposes), and general spending is paid out of the consolidated fund. The British Consolidated Fund Establishment The British Consolidated Fund was so named as it consolidated together a number of existing accounts, detailed below, and facilitated proper parliamentary oversight of the spending of the executive; it was defined as "one fund into which shall flow every stream of public revenue and from which shall come the supply of every service". The Treasury established this account, formerly known as The Account of His Majesty's Exchequer, at the Bank of England where it remains to this day, and the legal term "Consolidated Fund" refers to the amount of credit held in this particular account. ...
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Exclusive Power Over Customs, Excise, And Bounties
Exclusive may refer to: Arts and entertainment * ''Exclusive'' (album), by R&B singer Chris Brown * ''Exclusive'' (EP), an EP by U2 * ''Exclusive'', a 1937 American film * ''Exclusive'', a 1989 play by Jeffrey Archer * ''Exclusive'' (TV series), a 2008 Malaysian drama television series * "Exclusive", an episode of ''One Day at a Time'' (2017 TV series) Organisations * Exclusive Books, a bookseller chain in South Africa * Exclusive Hotels, a hotel chain based in Surrey, England * Exclusive Records, an American record label from 1944 to 1949 Other uses * Exclusive relationship, a closed, committed relationship * Exclusive (news), a news story reported by one organization before others * Noah Boeken (born 1981), Dutch poker professional, online nickname "Exclusive" * Exclusive (horse), a British Thoroughbred racehorse * Exclusive OR, a type of logic gate See also * ''The Exclusives'' (TV series), a 2012 British reality competition television series * Exclusive relationship (pr ...
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Trade Within The Commonwealth To Be Free
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other products and ...
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Financial Assistance To States
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ...
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