MEAT AGREEMENT (DEFICIENCY PAYMENTS).

No. 13 of 1964.

An Act to amend the Meat Agreement (Deficiency Payments) Act 1955-1956.

[Assented to 6th May, 1964.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(l.) This Act may be cited as the Meat Agreement (Deficiency Payments) Act 1964.

(2.) The Meat Agreement (Deficiency Payments) Act 1955–1956 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the Meat Agreement (Deficiency Payments) Act 1955–1964.

Commencement.

2. This Act shall come into operation on the date fixed by Proclamation under section two of the Meat Industry Act 1964.

Interpretation.

3. Section three of the Principal Act is amended—

(a) by omitting from sub-section (1.) the definition of “licensed exporter” and inserting in its stead the following definition:—

“‘licensed exporter’ means a person who is the holder of a licence granted, or to be deemed to be granted, under section twenty-nine of the Meat Industry Act 1964;”; and

(b) by omitting from that sub-section the definition of “the Board” and inserting in its stead the following definition:—

“‘the Board’ means the Australian Meat Board continued in existence by the Meat Industry Act 1964;”.

Rate of deficiency payments.

4. Section four of the Principal Act is amended by omitting sub-section (2.).

Persons to whom payable.

5. Section six of the Principal Act is amended by omitting from paragraph (b) the words “the condition specified in sub-section (1a.) of section seventeen of the Meat Export Control Act 1935–1953” and inserting in their stead the words “the condition specified in paragraph (a) of sub-section (4.) of section twenty-nine of the Meat Industry Act 1964”.

Minister may make arrangements with Reserve Bank.

6. Section seven of the Principal Act is amended by omitting the words “Commonwealth Bank of Australia” and inserting in their stead the words “Reserve Bank of Australia”.

Investment of moneys, &c.

7. Section eleven of the Principal Act is amended by omitting from paragraph (b) of sub-section (1.) the words “Commonwealth Bank of Australia” and inserting in their stead the words “Reserve Bank of Australia”.

Overpayment of deficiency payments.

8. Section twelve of the Principal Act is amended by omitting the words “, in the Meat Export Fund established under the Meat Export Control Act 1935–1953 or in an account opened by the Board under section nineteen a of that Act” and inserting in their stead the words “or in an account maintained by the Board under section thirty-three of the Meat Industry Act 1964”.