Commonwealth Numbered Acts

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BOUNTY (AGRICULTURAL TRACTORS AND EQUIPMENT) ACT 1985 No. 134 of 1985 - SECT 15

Advances on account of bounty
15. (1) An advance on account of bounty may be made to a person on such terms
and conditions as are approved by the Comptroller-General in writing.

(2) If a person receives, by way of advances on account of bounty in respect
of particular bountiable equipment, an amount that exceeds the amount of
bounty payable to the person in respect of that equipment, the person is
liable to repay to the Commonwealth the amount of the excess.

(3) If a person receives an amount by way of advances on account of bounty
that may become payable to the person and the bounty does not become payable
to the person, the person is liable to repay to the Commonwealth the amount so
received.

(4) If, at the expiration of an accounting period of a manufacturer of
bountiable equipment, the manufacturer has received, by way of advances on
account of bounty that may become payable to the manufacturer during that
period in respect of bountiable equipment, an amount that exceeds the sum of -

   (a)  the amount of bounty that became payable to the manufacturer during
        that period in respect of bountiable equipment; and

   (b)  the amount or amounts (if any) paid to the manufacturer during that
        period in respect of bountiable equipment that the producer is liable
        to repay to the Commonwealth by virtue of sub-section (2) or (3), the
        manufacturer is liable to repay to the Commonwealth the amount of the
        excess. 


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