Raw Cotton Bounty

No. 118 of 1968

An Act relating to Bounty on the Production of certain Raw Cotton.

[Assented to 2 December 1968]

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.—(1.) This Act may be cited as the Raw Cotton Bounty Act 1968.

(2.) The Raw Cotton Bounty Act 1963–1966 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the Raw Cotton Bounty Act 1963–1968.

Commencement.

2. This Act shall be deemed to have come into operation on the first day of March, One thousand nine hundred and sixty-eight.

Title.

3. The title to the Principal Act is amended by omitting the words “sold for use in Australia”.

Specifying of bounty.

4. Section 4 of the Principal Act is amended by omitting paragraphs (b) and (c) and inserting in their stead the following paragraphs:—

“(b) in a period to which this Act applies, processed at a ginnery from seed cotton harvested in Australia and delivered to the ginnery in a period to which this Act applies; and

(c) except in the case of raw cotton processed on or after the first day of March, One thousand nine hundred and sixty-eight—sold, in a period to which this Act applies, by the processor for use in Australia.”.

Rates of bounty.

5. Section 7 of the Principal Act is amended—

(a) by inserting in sub-section (2.), after the words “raw cotton” (first occurring), the words “in respect of which bounty became payable before the first day of March, One thousand nine hundred and sixty-eight”; and

(b) by adding at the end of that sub-section the words “, and in respect of other raw cotton in respect of which bounty becomes payable on or after that date, the rates specified by the Minister, by notice published in the Gazette, as payable in respect of such raw cotton “.

Limit of available bounty.

6. Section 8 of the Principal Act is amended by inserting in sub-section (1.), after the words “period to which this Act applies”, the words “ending before the first day of March, One thousand nine hundred and sixty-eight, or raw cotton in respect of which bounty becomes payable in the period to which this Act applies commencing on that date,”.