Commonwealth Numbered Acts

BOUNTY (NON-ADJUSTABLE WRENCHES) ACT 1981 No. 18 of 1981 - SECT 5

5. (1) For the purposes of this Act -

   (a)  the factory cost of a bountiable implement is such amount as is
        determined by the Comptroller-General to be the factory cost of the
        implement; and

   (b)  the Australian factory cost of a bountiable implement is the factory
        cost of the implement less such amount as is determined by the
        Comptroller-General to be the value known as the into-store value of
        imported parts and imported materials supplied to the producer and
        used by him in the production of the implement.

(2) In determining the factory cost of a bountiable implement, the
Comptroller-General shall make allowance for factory overhead charges
(including factory administration costs and research and development
expenditure) but shall not make any allowance for general administration,
selling costs, service charges, taxation or any costs incurred after the
completion of the production of the implement.