BOUNTY (AGRICULTURAL TRACTORS) AMENDMENT ACT 1978

No. 108 of 1978

An Act to amend the Agricultural Tractors Bounty Act 1966.

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

Short title, &c.

1. (1) This Act may be cited as the Bounty (Agricultural Tractors) Amendment Act 1978.

(2) The Agricultural Tractors Bounty Act 1966 is in this Act referred to as the Principal Act.

Commencement

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

3. Section 1 of the Principal Act is repealed and the following section is substituted:

Short title

“1. This Act may be cited as the Bounty (Agricultural Tractors) Act 1966.”.

Rate of bounty

4. Section 6 of the Principal Act is amended by omitting sub-section (1a) and substituting the following sub-sections:

“(1a) The regulations may prescribe a factor for the purpose of this sub-section and, where a factor is so prescribed, then, for the purpose of calculating the bounty payable in respect of a tractor manufactured at a time when the regulations prescribing that factor are in force, an amount ascertained in accordance with the Schedule shall be multiplied by that factor.

“(1ab) Regulations made for the purpose of varying the factor referred to in sub-section (1a) shall, as far as is practicable, so vary the factor that the variation adjusts the bounty in accordance with movements in prices of imported tractors.”.

Amendment of Schedule

5. The Schedule to the Principal Act is amended—

(a) by inserting after the heading “AMOUNTS OF BOUNTY” the following heading:

“TABLE 1”; and

(b) by adding at the end thereof the following table:

“TABLE 2

Output of Engine	Tractor manufactured during period commencing on date of commencement of Bounty (Agricultural Tractors) Amendment Act 1978 and ending on terminating date
kW		$
106...........................................................		2,465
107...........................................................		2,488
108...........................................................		2,511
109...........................................................		2,534
110...........................................................		2,557
111...........................................................		2,580
112...........................................................		2,603
113...........................................................		2,627
114...........................................................		2,650
115...........................................................		2,673
116...........................................................		2,696
117...........................................................		2,719
118...........................................................		2,742
119...........................................................		2,765
120...........................................................		2,788
121...........................................................		2,811
122...........................................................		2,834
123...........................................................		2,857
124...........................................................		2,880
125...........................................................		2,903
126...........................................................		2,926
127...........................................................		2,949
128...........................................................		2,973
129...........................................................		2,996
130...........................................................		3,019
131...........................................................		3,042
132...........................................................		3,065
133...........................................................		3,088
134...........................................................		3,111
135...........................................................		3,134
136...........................................................		3,157
137...........................................................		3,180
138...........................................................		3,203
139...........................................................		3,226
140...........................................................		3,249
141...........................................................		3,272
142...........................................................		3,296
143...........................................................		3,319
144...........................................................		3,342
145...........................................................		3,365
146...........................................................		3,388
147...........................................................		3,411
148...........................................................		3,434
149...........................................................		3,457
150 and over.....................................................		3,480

Transitional

6. Until regulations are made for the purpose of sub-section 6(1a) of the Principal Act as amended by this Act, the factor prescribed by regulations made for the purposes of sub-section 6(1a) of the Principal Act and in force immediately before the commencement of this Act shall be deemed to be the factor prescribed for the purpose of sub-section 6(1a) of that Act as amended by this Act.