GOLD-MINING INDUSTRY ASSISTANCE.

No. 52 of 1962.

An Act to extend by Three Years the Period of Operation of the Gold-Mining Industry Assistance Act 1954–1961, and for purposes connected therewith.

[Assented to 28th May, 1962.]

[Date of commencement, 25th June, 1962.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, for the purpose of appropriating the grant originated in the House of Representatives, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Gold-Mining Industry Assistance Act 1962.

(2.) The Gold-Mining Industry Assistance Act 1954–1961 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the Gold-Mining Industry Assistance Act 1954–1962.

Interpretation

2. Section four of the Principal Act is amended by omitting from the definition of “small producer” in sub-section (1.) all the words after the word “ounces,” and inserting in their stead

the words “and, in relation to a year referred to in the next succeeding section, includes a person who has, under that section, elected to be treated as a small producer in relation to that year”.

Election by large producer to be treated as small producer.

3. Section four a of the Principal Act is amended by omitting the words “the year ending on” and inserting in their stead the words “a year ending on or after”.

Years to which Act applies.

4. Section six of the Principal Act is amended by omitting the word “seven” and inserting in its stead the word “ten”.

Rate of subsidy.

5. Section nine of the Principal Act is amended by omitting from sub-section (4.) the words “the year ending on the thirtieth day of June, One thousand nine hundred and sixty-two,” and inserting in their stead the words “a year”.