Statutory Rules 1984 No. 3501

–––––––

Dairy Produce Export Control (Licences) Regulations2 (Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Dairy Produce Act 1924.

Dated 27 November 1984.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

JOHN KERIN

Minister of State for Primary Industry

––––––––––

Commencement

1. These Regulations shall come into operation on 1 December 1984.

Conditions and restrictions—general

2. Regulation 8 of the Dairy Produce Export Control (Licences)

Regulations is amended—

(a) by inserting after sub-regulation (2) the following sub-regulations:

“(2a) a licensee shall not export dairy produce referred to in sub-regulation (2) unless, where the price first mentioned in that sub-regulation is not expressed in United States currency, the licensee has, on the day on which that produce was sold for export or consigned for sale, as the case may be, obtained a quote from a foreign exchange dealer for a rate of exchange at which to convert the amount of that price into an amount in that currency.

“(2b) For the purposes of sub-regulation (2), where the amount of the price first mentioned in that sub-regulation is not expressed in

United States currency, that amount shall be converted into an amount in that currency at the rate of exchange referred to in sub-regulation (2a).”;

(b) by omitting paragraph (3) (a) and substituting the following definition:

“ ‘Arrangement’ means the International Dairy Arrangement done at Geneva on 12 April 1979, as in force at 1 December 1984;”;

(c) by omitting from paragraph (3) (b) “(b)”;

(d) by adding at the end of sub-regulation (3) the following definition:

“ ‘foreign exchange dealer’ means a person in respect of whom there is in force a general authority issued under regulation 38 A of the Banking (Foreign Exchange) Regulations to deal in Australia with foreign currency as a dealer.”; and

(e) by omitting sub-regulation (4).

NOTES

1. Notified in the Commonwealth of Australia Gazette on 30 November 1984.

2. Statutory Rules 1955 No. 38 as amended by 1957 No. 50; 1958 No. 29; 1962 Nos. 11 and 16; 1965 No. 27; 1971 No. 109; 1983 No. 175.