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Wine Research Act 1955

Act No. 11 of 1955 as amended, taking into account amendments up to Act No. 93 of 1966
Registered 08 Dec 2009
Start Date 01 Dec 1966
End Date 30 Jun 1981
Date of repeal 01 Jul 1988
Repealed by Wine Research Repeal Act 1986

WINE RESEARCH ACT 1955
- Reprinted as at 29 October 1966 (HISTACT2 CHAP 540 #DATE 29:10:1966)

WINE RESEARCH ACT 1955 - TABLE OF PROVISIONS

TABLE


WINE RESEARCH ACT 1955

TABLE OF PROVISIONS
Section
1. Short title
2. Commencement
3. Repeal
4. Definitions
5. Establishment of Wine Research Trust Fund
6. Expenditure from Fund
7. Alterations to memorandum and articles of association

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WINE RESEARCH ACT 1955 - SECT. 1.
Short title.

SECT

Institute moneys held in the Wine Industry Assistance Account established under the Wine Export Bounty Act 1947, and to repeal that Act.
Short title amended; No. 32, 1918, s. 2.
1. This Act may be cited as the Wine Research Act 1955.*

WINE RESEARCH ACT 1955 - SECT. 2.
Commencement.

SECT

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

WINE RESEARCH ACT 1955 - SECT. 3.
Repeal.

SECT

3. The Wine Export Bounty Act 1947 is repealed.

WINE RESEARCH ACT 1955 - SECT. 4.
Definitions.

SECT

4. In this Act, unless the contrary intention appears-

''the Board'' means the Australian Wine Board established under the Wine Overseas Marketing Act 1929-1954;

''the Fund'' means the Wine Research Trust Fund established under section five of this Act;

''the Institute'' means the company called The Australian Wine Research Institute registered under the Companies Act, 1934-1952 of the State of South Australia as a company limited by guarantee and not having a share capital.

WINE RESEARCH ACT 1955 - SECT. 5.
Establishment of Wine Research Trust Fund.

SECT

5. (1) For the purposes of this Act, there shall be a Wine Research Trust Fund, which shall be a Trust Account for the purposes of section sixty-two A of the Audit Act 1901-1954.

(2) The moneys which, immediately before the commencement of this Act, stood to the credit of the Wine Industry Assistance Account established under the Wine Export Bounty Act 1947 shall be credited to the Fund.

(3) Income received from the investment of moneys standing to the credit of the Fund forms part of the Fund.

WINE RESEARCH ACT 1955 - SECT. 6.
Expenditure from Fund.

SECT

Sub-section (1) amended by No. 93, 1966, s. 3.
6. (1) There shall be paid to the Institute out of the Fund, for the purposes of capital expenditure, such amounts as the Minister from time to time approves, not exceeding in all the sum of Two hundred thousand dollars.

(2) In addition to any moneys paid under the last preceding sub- section, there shall be paid to the Institute out of the Fund amounts not exceeding the additional moneys accruing to the Fund from time to time from the investment of moneys standing to the credit of the Fund.

(3) Moneys paid to the Institute under the last preceding sub-section shall be paid-

(a) in such amounts as the Minister is satisfied are necessary for the purpose of expenditure upon items included in estimates of expenditure submitted to the Minister by the Institute, being items approved by the Minister; and

(b) upon condition that they will not, without the approval of the Minister, be used otherwise than for that purpose.
Amended by No. 93, 1966, s. 3.

(4) Unless the Minister in special circumstances otherwise determines, moneys shall not be paid to the Institute under sub-section (2) of this section in a financial year unless the Board undertakes to make available to the Institute in that year a sum of not less than Eight thousand dollars or, if the amount paid in that year under sub-section (2) of this section is less than Eight thousand dollars, a sum not less than the amount so paid.

WINE RESEARCH ACT 1955 - SECT. 7.
Alterations to memorandum and articles of association.

SECT

7. (1) If an alteration is made to the memorandum or articles of association of the Institute without the approval of the Minister, no further moneys shall be paid to the Institute in pursuance of this Act.

(2) The Minister shall not approve a proposed alteration to the memorandum of association of the Institute unless the memorandum, as proposed to be altered, would continue to include amongst the objects for which the Institute is established objects tending to the promotion of the export trade in wine.
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WINE RESEARCH ACT 1955 - NOTE


NOTE
1. The Wine Research Act 1955 comprises the Wine Research Act 1955 as amended by the other Act specified in the following table:
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Number Date of
Act and year Date of
Assent commencement
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Wine Research Act 1955 No. 11, 1955 31 May 1955 31 May 1955
Statute Law Revision
(Decimal Currency) Act
1966 No. 93, 1966 29 Oct 1966 1 Dec 1966
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