Commonwealth Numbered Acts

BOUNTY AND SUBSIDY LEGISLATION AMENDMENT ACT 1986 No. 37 of 1986 - SECT 14

14. Section 8 of the Principal Act is amended-
(a) by omitting from sub-section (3) "with the Schedule" and substituting the
following:

"with-

   (a)  if the bountiable product is a bountiable bar product-Schedule 1; or

   (b)  if the bountiable product is a bountiable flat product-Schedule 2.";

   (b)  by omitting sub-sections (4) and (5) and substituting the following
        sub-sections:

"(4) A reference in this Act to the notional annual industry sales tonnage of
bountiable bar products for a quarter is a reference to the tonnage
ascertained by multiplying the total tonnage of bountiable bar products sold
for use in Australia during the quarter, being the total tonnage of the
bountiable bar products so sold as determined by the Comptroller-General by
instrument in writing, by 4.

"(4A) Bounty is not payable in respect of a bountiable bar product sold for
use in Australia during a quarter for which the notional annual industry sales
tonnage of bountiable bar products is greater than 23,000 tonnes.

"(5) A reference in this Act to the notional annual industry sales tonnage of
bountiable flat products for a quarter is a reference to the tonnage
ascertained by multiplying the total tonnage of bountiable flat products sold
for use in Australia during the quarter, being the total tonnage of bountiable
flat products so sold as determined by the Comptroller-General by instrument
in writing, by 4.

"(5A) Bounty is not payable in respect of a bountiable flat product sold for
use in Australia during a quarter for which the notional annual industry sales
tonnage of bountiable flat products is greater than 25,000 tonnes.";

   (c)  by omitting from sub-section (6) "the Schedule" and substituting
        "Schedule 1 or 2"; and

   (d)  by omitting sub-section (7) and substituting the following
        sub-sections:

"(7) Where regulations made by virtue of sub-section (6) prescribe a factor in
relation to the number 23,000 specified in column 1 of Schedule 1, sub-section
(4A) has effect as if the reference in that sub-section to 23,000 were a
reference to the number ascertained by multiplying 23,000 by the factor.

"(7A) Where regulations made by virtue of sub-section (6) prescribe a factor
in relation to the number 25,000 specified in column 1 of Schedule 2,
sub-section (5A) has effect as if the reference in that sub-section to 25,000
were a reference to the number ascertained by multiplying 25,000 by the
factor.".