Part V - Powers of the Parliament
SECT 51. Legislative powers of the Parliament
The Parliament
shall, subject to this Constitution, have power12
to make laws for the peace, order, and good government of the Commonwealth
with respect to:
(i)
trade and commerce with other countries, and among the States;
(xxxiv) railway
construction and extension in any State with the consent of that State;
Chapter IV. Finance And Trade
SECT 96. Financial assistance to States
During a period of
ten years after the establishment of the Commonwealth and thereafter until the
Parliament otherwise provides, the Parliament may grant financial assistance
to any State on such terms and conditions as the Parliament thinks fit.
SECT 97. Audit
Until the Parliament
otherwise provides, the laws in force in any Colony which has become or becomes
a State with respect to the receipt of revenue and the expenditure of money on
account of the Government of the Colony, and the review and audit of such
receipt and expenditure, shall apply to the receipt of revenue and the
expenditure of money on account of the Commonwealth in the State in the same
manner as if the Commonwealth, or the Government or an officer of the
Commonwealth, were mentioned whenever the Colony, or the Government or an
officer of the Colony, is mentioned.
SECT 98. Trade and commerce includes
navigation and State railways
The power of the
Parliament to make laws with respect to trade and commerce extends to navigation and shipping, and to railways the property of any State.