Coal Industry (Control) Acts Amendment Act of 1965 (Qld)

776 r - ANNO QUARTO DECIMO ELIZABETHAE SECUNDAE REGINAE No. 55 of 1965 An Act to Amend "The Coal Industry (Control ) Acts, 1948 to 1954 ," in certain particulars [ASSENTED TO 16TH DECEMBER, 1965] BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. (1) Short title . This Act may be cited as " The Coal Industry (Control) Acts Amendment Act of 1965.- (2) , Principal Act. " The Coal Industry (Control) Acts, 1948 to 1954," are in this Act referred to as the Principal Act. (3) Collective title . The Principal Act and this Act may be collectively cited as " The Coal Industry (Control) Acts, 1948 to 1965." 2. Amendment of s. 45 (1). Subsection (H of section forty-five of the Principal Act is amended by omitting in the paragraph commencing with the words " The Order in Council " the words " whether by yearly or half-yearly payments or payments into a Sinking fund."

Coal Industry (Control) Acts Amendment Act of 1965, No. 55 3. Variation of certain Orders in Council and debentures . (1) Where prior to the commencement of this Act the Board has pursuant to and in accordance with the Principal Act borrowed a sum of money from the Pensions Tribunal constituted under " The Coal and Oil Shale Mine Workers (Pensions) Acts, 1941 to 1962," (in this section called the " Tribunal ") by the sale of a debenture or debentures to the Tribunal, then in lieu of the Board repaving the principal sum of the loan concerned by equal half-yearly instalments as required by such debenture or debentures, repayment of such principal sum or so much of the same as at the commencement of this Act has not been repaid may (notwithstanding anything contained in the Order in Council authorizing the borrowing of that money and in the debenture or debentures concerned) be made by the Board to the Tribunal in ,such manner and at such time or times as may be agreed upon from time to time between the Board and the Tribunal and such Order in Council and debenture or debentures shall be read with and subject to this subsection accordingly. (2) Subject to subsection (1) of this section, all debentures of the class specified in subsection (1) of this section and all Orders in Council authorizing the borrowing of money by the sale of such debentures shall continue in full force and effect.