Cellulose Acetate Flake Bounty Act 1973

No. 102 of 1973

AN ACT

To amend the Cellulose Acetate Flake Bounty Act 1956–1971.

[Assented to 19 September 1973]

BE IT ENACTED by the Queen, the Senate and the House of Representatives of Australia, as follows:—

Short title and citation.

1. (1) This Act may be cited as the Cellulose Acetate Flake Bounty Act 1973.

(2) The Cellulose Acetate Flake Bounty Act 1956–1971 is in this Act referred to as the Principal Act.

(3) The Principal Act, as amended by this Act, may be cited as the Cellulose Acetate Flake Bounty Act 1956–1973.

Commencement.

2. This Act shall come into operation on the day on which it receives the Royal Assent.

Definitions.

3. Section 3 of the Principal Act is amended by omitting the definition of “period to which this Act applies” and substituting the following definition:—

“‘period to which this Act applies’ means—

(a) the year that commenced on 1st January, 1973;

(b) either of the two years next succeeding that year; or

(c) the period commencing on 1st January, 1976, and ending on 30th June, 1976;”.

4. Section 7 of the Principal Act is repealed and the following section substituted:—

Rate of bounty.

“7. The rate of the bounty in respect of cellulose acetate flake sold on or after the date of commencement of the Cellulose Acetate Flake Bounty Act 1973 is 8.8 cents per kilogram.”.

Limit of available bounty.

5. Section 8 of the Principal Act is amended by omitting sub-section (1) and substituting the following sub-section:—

“(1.) The amount available for payment of bounty—

(a) in respect of cellulose acetate flake sold in a period to which this Act applies, other than the period commencing on 1st January, 1976—is Two hundred thousand dollars; and

(b) in respect of cellulose acetate flake sold in the period to which this Act applies commencing on 1st January, 1976—is One hundred thousand dollars.”.