South Australia Act 1842
Encyclopedia
The South Australia Act 1842 is the short title
Short title
The short title is the formal name by which a piece of primary legislation may by law be cited in the United Kingdom and other Westminster-influenced jurisdictions , as well as the United States. It contrasts with the long title which, while usually being more fully descriptive of the...

 of an Act
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An Act of Parliament is a statute enacted as primary legislation by a national or sub-national parliament. In the Republic of Ireland the term Act of the Oireachtas is used, and in the United States the term Act of Congress is used.In Commonwealth countries, the term is used both in a narrow...

 of the Parliament of the United Kingdom
Parliament of the United Kingdom
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 with the long title
Long title
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An Act to provide for the better Government of South Australia

with the citation 5 & 6 Vict c. 61.

Passed on 30 July 1842, it repealed the South Australia Act 1834
South Australia Act 1834
The South Australia Colonisation Act 1834 is the short title of an Act of the Parliament of the United Kingdom with the long title...

, as well as amendments made to that Act, and instituted a different form of Government over the province of South Australia
South Australia
South Australia is a state of Australia in the southern central part of the country. It covers some of the most arid parts of the continent; with a total land area of , it is the fourth largest of Australia's six states and two territories.South Australia shares borders with all of the mainland...

.

The Act was introduced as a result of recommendations by a British Parliamentary Enquiry into the failure of the colonial administration which had brought the province of South Australia near bankruptcy in 1840.

The Act provided for a Governor
Governor
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 and at least seven other officers to be appointed to form a Legislative Council
Legislative Council
A Legislative Council is the name given to the legislatures, or one of the chambers of the legislature of many nations and colonies.A Member of the Legislative Council is commonly referred to as an MLC.- Unicameral legislatures :...

 for the governance of South Australia. The Act also made provision for a commission to initiate the establishment of democratic government, electoral districts, requirements for voting rights, and terms of office.

The Act also provided for the annual repayment of debts to those who had invested in the South Australia Colonial Revenue Securities at a rate of three pounds
Australian pound
The pound was the currency of Australia from 1910 until 13 February 1966, when it was replaced by the Australian dollar. It was subdivided into 20 shillings, each of 12 pence.- Earlier Australian currencies :...

 ten shilling
Shilling
The shilling is a unit of currency used in some current and former British Commonwealth countries. The word shilling comes from scilling, an accounting term that dates back to Anglo-Saxon times where it was deemed to be the value of a cow in Kent or a sheep elsewhere. The word is thought to derive...

s per one hundred pounds of principal invested. In addition provision was made for interest to be paid on the principal owing. The Act also provided for funding of these payments out of the general funds of the British government as a repayable loan to the South Australian government, if payments could not be met.

The Act also cleared the South Australian government of an earlier one hundred and fifty-five thousand pound loan from the general funds of the British government.
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