Commonwealth Numbered Acts

BOUNTY LEGISLATION AMENDMENT ACT 1991 No. 117 of 1991 - SCHEDULE

                         SCHEDULE                            Section 3

AMENDMENTS OF VARIOUS ACTS
Bounty and Capitalisation Grants (Textile Yarns) Act 1981 Subsection 2 (1)
(definition of "bounty period"):
Omit all the words after "ending on 30 June 1995". Paragraph 2 (3) (d):
Omit ", sizing". After paragraph 2 (3) (k):
Insert:
  "(ka)   beaming, warping and sizing processes and any
repeat winding necessitated by these processes;". Paragraph 3 (2) (a):
Omit the paragraph, substitute:
  "(a)   factory overhead charges apportioned on the basis of
a full accounting period of the producer after deducting from those charges:

        (i)    the amount realised on the disposal of waste; and

        (ii)   profits realised on the disposal of buildings, machinery, plant
               or equipment; as so apportioned; and". After subsection 3 (2):
Insert:

"(2A) In this section: `factory overhead charges' includes the following:

   (a)  factory administration costs;

   (b)  losses incurred on the disposal of buildings, machinery, plant or
        equipment;

   (c)  the cost of reuseable packaging;

   (d)  the cost of machine maintenance and machine replacement parts;

   (e)  the cost of energy and water;

   (f)  the cost of solvents, detergents, machinery or spinning lubricants and
        similar materials used to facilitate the production of the yarn.".
        Paragraph 3 (3) (q):
Omit the paragraph. Section 3AA:
Omit the section. Subparagraphs 6 (1) (b) (ii), (iii) and (iv):
Omit the subparagraphs, substitute:
  "; and (ii)   on and after 1 March 1989 and before 1 July
1992 - 42.5%.". Subparagraphs 6 (2) (e) (iv), (v) and (vi):
Omit the subparagraphs, substitute:
  "; and (iv)   on or after 1 March 1991 and before 1 July
1992 - 34%.". Subparagraphs 6 (3) (b) (v) and (vi):
Omit the subparagraphs, substitute:
  "; and (v)   on or after 1 March 1992 and before 1 July
1992 - 33%.". Subparagraphs 6 (4) (d) (v) and (vi):
Omit the subparagraphs, substitute:
  "; and (v)   on or after 1 March 1992 and before 1 July
1992 - 31%.". Subparagraph 6 (5) (f) (v):
Omit the subparagraph, substitute:
  "(v)   on or after 1 March 1992 and before 1 July 1992 - 30%.".
Subsection 6 (6):
Omit the subsection, substitute:

"(6) Where the condition specified in paragraph 5 (5) (c) in relation to the
production of bountiable yarn is satisfied on or after 1 July 1992 and before
1 July 1995, the bounty payable to the producer of that yarn is an amount
equal to:

   (a)  if the condition is satisfied in relation to that yarn on or after 1
        July 1992 and before 1 July 1993 - 30%; and

   (b)  if the condition is satisfied in relation to that yarn on or after 1
        July 1993 and before 1 July 1994 - 22%; and

   (c)  if the condition is satisfied in relation to that yarn on or after 1
        July 1994 and before 1 July 1995 - 15%; of the additional value added
        to the yarn by that producer.". Subsection 10 (1):
Omit "Subject to subsection (2), a person", substitute "A person". Subsection
10 (2):
Omit the subsection.
Bounty (Bed Sheeting) Act 1977 Subsection 4 (3):
Omit ", 1 March 1990, 1 March 1991 and 1 March 1992", substitute "and 1 March
1990, the period of 4 months commencing on 1 March 1991, and the periods of 12
months commencing on 1 July 1991, 1 July 1992, 1 July 1993 and 1 July 1994".
Paragraph 7 (b):
Omit the paragraph, substitute:
  "(b)   where that condition is satisfied in relation to the
bed sheeting on or after 20 August 1986 and before 1 July 1993 - 16 cents per
square metre; or

   (c)  where that condition is satisfied in relation to the bed sheeting on
        or after 1 July 1993 and before 1 July 1994 - 12 cents per square
        metre; or

   (d)  where that condition is satisfied in relation to the bed sheeting on
        or after 1 July 1994 and before 1 July 1995 - 8 cents per square
        metre.". Subsection 10A (1):
Omit "Subject to subsection (2), a person", substitute "A person". Subsection
10A (2):
Omit the subsection.
Bounty (Computers) Act 1984 Subsection 3 (1) (after paragraph (ea) of the
definition of "bountiable equipment"):
Insert:
  "(eb)   a printed circuit board that, if it were imported
into Australia, would be goods to which heading 8534 in Schedule 3 to the
Tariff Act would apply;". Paragraph 10 (d):
Omit "15%", insert "14%". Paragraph 10 (e):
Omit "13%", insert "12%". Paragraph 10 (f):
Omit "11%", insert "10%". Paragraph 10 (g):
Omit "9%", insert "8%". Subsection 13 (1A):
Omit the subsection.
Bounty (Metal Working Machines and Robots) Act 1985 Long title
Omit "metal working machines", substitute "machine tools". Short title
Omit "Metal Working Machines", substitute "Machine Tools". Subsection 4 (1)
(paragraphs (b) and (c) of the definition of "bountiable goods AB"):
Omit the paragraphs, substitute:
  "and (b)   if they were imported into Australia, would be
goods to which Item 48 in Part III of Schedule 4 to the Tariff Act would
apply;". Subsection 4 (1) (definition of "computer controlled machine"):
Omit the definition, substitute: " `computer controlled machine' means a
completely assembled power fed machine that is controlled by an integrated
computer controller, is designed to operate independently of human control
when the computer controller that controls it is programmed and:

   (a)  is designed solely or principally for the working of metal and, if it
        were imported into Australia, would be goods to which heading 8456,
        8457, 8458, 8459, 8460, 8461, 8462, 8463, 8468, 8479 or 8515 in
        Schedule 3 to the Tariff Act would apply; or

   (b)  is designed solely or principally for the working of advanced
        materials and, if it were imported into Australia:

        (i)    would be goods to which heading 8464 or 8465 in Schedule 3 to
               the Tariff Act would apply; and

        (ii)   would be goods to which Schedule 4 of the Tariff Act would
               apply;". Subsection 4 (1) (paragraph (b) of the definition of
               "flexible manufacturing system"):
Insert "or advanced materials" after "metal". Subsection 4 (1) (definition of
"modification"):
Omit the definition, substitute: " `modification', in relation to bountiable
equipment B, means:

   (a)  a conversion of the equipment that, in the opinion of the Minister,
        will substantially improve the designed capability of the equipment;
        or

   (b)  the conversion of the equipment from equipment that is not designed to
        form part of a flexible manufacturing cell or system into equipment
        intended to form part of such a cell or system; but does not include:

   (c)  the conversion of the equipment in the course of the normal
        manufacture of the equipment; or

   (d)  retrofit manufacture of, or involving the equipment;". Subsection 4
        (1) (definition of "numerically controlled machine"):
Omit the definition, substitute: " `numerically controlled machine' means a
completely assembled power fed machine that is controlled by an integrated
numerical controller, is designed to operate independently of human control
when the numerical controller that controls it is programmed and:

   (a)  is designed solely or principally for the working of metal and, if it
        were imported into Australia, would be goods to which heading 8456,
        8457, 8458, 8459, 8460, 8461, 8462 or 8463 in Schedule 3 to the Tariff
        Act would apply; or

   (b)  is designed solely or principally for the working of advanced
        materials and, if it were imported into Australia:

        (i)    it would be goods to which heading 8464 or 8465 in Schedule 3
               to the Tariff Act would apply; and

        (ii)   it would be goods to which Schedule 4 of the Tariff Act would
               apply;". Subsection 4 (1) (paragraph (c) of the definition of
               "system machine"):
Add at the end "or advanced materials". Subsection 4 (1) (definition of
"terminating day"):
Omit the definition, substitute: " `terminating day' means 30 June 1997;".
Subsection 4 (1):
Insert: " `advanced material' means engineering ceramics, engineering
composites or engineering polymers;". After subsection 7 (2):
Insert:

"(2A) The Minister must not make a declaration under subsection (1) that would
result in an increase in the amount specified in subsection 16 (8A) unless the
Minister is satisfied that the increase is necessary to take account of
inflation as measured using the method in section 160Q of the
Income Tax Assessment Act 1936.". Subsections 8 (1) and (3):
Omit the subsections. Subsections 8 (5), (6) and (7):
Omit "sub-section (1), (2), (3) or (4)", substitute "subsection (2) or (4)".
Subsection 16 (5):
Omit the subsection, substitute:

"(5) A manufacturer of bountiable equipment A is not entitled to receive a
payment of bounty in respect of the manufacture of bountiable equipment A
(other than bountiable goods AB) unless, during the bounty period, the
equipment:

   (a)  was sold, or otherwise disposed of, by the manufacturer for use in the
        production of other goods; or

   (b)  was sold, or otherwise disposed of, to the Commonwealth.".
        Subparagraph 16 (8) (e) (i):
Omit ", or used by the modifier, in the production, in Australia,", substitute
"in the production". Subparagraph 16 (8) (f) (i):
Omit ", or used by the modifier, in Australia,". Paragraph 17 (1) (a):
Omit the paragraph. Paragraph 17 (1) (b):
After "1 July 1986" insert "and before 1 July 1991". After paragraph 17 (1)
(b):
Add at the end:
  "; or (c)   where the condition specified in subsection 16
(5) is satisfied during a financial year beginning on a day specified in
column 1 of the table set out in subsection (4A) - an amount equal to the
percentage appearing in column 2 of that table opposite the financial year of
the value added to the equipment by the manufacturer in the course of the
normal manufacture of the equipment.". After subsection 17 (1):
Insert:

"(1A) Bounty is not payable to a manufacturer of bountiable equipment A in
respect of the normal manufacture of bountiable equipment AA under paragraph
(1) (b) where bounty is payable to the manufacturer of bountiable equipment A
in respect of bountiable equipment AA under paragraph (1) (c).". Paragraph 17
(2) (f):
Omit the paragraph. Paragraph 17 (2) (g):
After "1 July 1986" insert "and before 1 July 1991". After paragraph 17 (2)
(g):
Add at the end:

"; or (h) during a financial year beginning on a day specified in column 1 of
the table set out in subsection (4A) - an amount equal to the percentage
appearing in column 3 of that table opposite the financial year of the value
added to the equipment by the manufacturer in the course of the retrofit
manufacture of the equipment.". Paragraph 17 (3) (a):
Omit the paragraph. Paragraph 17 (3) (b):
After "1 July 1986" insert "and before 1 July 1991". After paragraph 17 (3)
(b):
Add at the end:
  "; or (c)   where a condition specified:


        (i)    in the case of equipment that is an independent machine - in
               subsection 16 (5); or

        (ii)   in the case of bountiable goods AB - in subsection 16 (6); is
               satisfied in relation to the equipment on a day during a
               financial year beginning on a day specified in column 1 of the
               table set out in subsection (4A) - an amount equal to the
               percentage appearing in column 3 of that table opposite the
               financial year of the value added to the equipment by the
               manufacturer in the course of the manufacture of the
               equipment.". Paragraph 17 (4) (a):
Omit the paragraph. Paragraph 17 (4) (b):
After "1 July 1986" insert "and before 1 July 1991". After paragraph 17 (4)
(b):
Add:
  "; or (c)   where such a condition is satisfied in relation
to the equipment on a day during a financial year beginning on a day specified
in column 1 of the table set out in subsection (4A) - an amount equal to the
percentage appearing in column 3 of that table opposite the financial year of
the value added to the equipment by the modifier in the course of the
modification of the equipment.". After subsection 17 (4):
Insert:

"(4A) In relation to each financial year which begins with a day specified in
column 1 of the following Table, the percentages appearing opposite a
financial year in columns 2 and 3 are to be used in accordance with this
section:
  Column 1             Column 2            Column 3

  1 July 1991          24%                 20%

  1 July 1992          20%                 17%

  1 July 1993          16%                 14%

  1 July 1994          12%                 11%

  1 July 1995           8%                  8%

  1 July 1996           5%                  5%".
Subsection 17 (5) (definition of "prescribed percentage 1"):
Omit the definition. Subsection 17 (5) (definition of "prescribed percentage
3"):
Omit the definition. Subparagraphs 21 (2) (d) (i) and (ia):
Omit the subparagraphs, substitute:

"(i) in the case of bountiable equipment AA - within 12 months after the day
on which the condition specified in subsection 16 (5) was complied with in
respect of that equipment;". Bounty (Printed Fabrics) Act 1981 Subsection 2
(1) (definition of "bounty period"):
Omit all the words after "ending on 30 June 1995". Subparagraphs 6 (b) (v),
(vi), (vii) and (viii):
Omit the subparagraphs, substitute:
      "(v)   on or after 1 March 1992 and before 1 July 1992 - 41%;

      (vi)   on or after 1 July 1992 and before 1 July 1993 - 30%;


        (vii)  on or after 1 July 1993 and before 1 July 1994 - 22%; and

        (viii) on or after 1 July 1994 and before 1 July 1995 - 15%".
               Subsection 10 (1):
Omit "Subject to subsection (2), a person", substitute "A person". Subsection
10 (2):
Omit the subsection.