Drought Relief to Primary Producers Act Amendment Act of 1961 (10 Eliz ll No. 22) (Qld)

694 ANNO DECIMO ELIZABETHAE SECUNDAE REGINAE. No. 22. An Act to Amend "The Drought Relief to Primary Producers Act of 1940," in certain particulars. [ASSENTED TO 7TH APRIL, 1961.] B E it enacted l,y the Queen's Most Excellent :Majesty, by and with the advice and consent of the Legis- lativeAssembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- Short title, 1. ( 1.) This Act may be cited as " The Drought Relief to Primary Producers Act Amendment Act of 1961." Principal (2.) "The Drought Relief to Primary Producers Act A.ct. of 1940 " is in this Act referred to as the Principal Act. Collective (3.) The Principal Act and this Act may be title. collectively cited as " The Drought Relief to Primary Producers Acts, 1940 to 1961." Amendment 2. Section two of the Principal Act is amended by, ors. 2• in the definition " Primary producer ", inserting after paragraph (e) the following paragraph:- " or(/) Grazier,".

IO ELIZ. II. No. 22, 1961. Drought Relief, Etc., Act. 695 3. Section five of the Principal Act is amended by o A f m s e . n 5 d . ment adding the following subsection:- " (4.) It shall be a condition of every loan deemed, pursuant to subsection one of this section, made to a dairy farmer or other primary producer by any person, body corporate or marketing board, and of the undertaking given by such dairy farmer or other primary producer in respect of such loan and of every instrument securing the same, that if such dairy farmer or other primary producer sells or agrees to sell or otherwise assures or agrees to assure to any other person his estate or interest in the land whereon he engages in his occupation as such without the prior consent in writing of the person, body corporate or marketing board by whom such loan is deemed made, the whole of such loan then remaining unrepaid shall forthwith become due and payable and shall be recoverable, with interest thereon, by such person, body corporate or marketing board, and that for the purposes of such recovery such person, body corporate or marketing board shall have and may exercise all such rights and remedies as it would have and might exercise if such dairy farmer or other primary producer had made default in the repayment of the moneys so recoverable." 4. Subsection one of section nine of the Principal Amendment Act is amended by adding the following paragraph:- ofs. 9 (l). "It shall be a condition of every advance by way of loan to a primary producer, and of every instrument securing such advance, that if such primary producer sells or agrees to sell or otherwise assures or agrees to assure to any other person his estate or interest in the land whereon he engages in his occupation as such without the prior consent in writing of the Corporation,

696 Drought Relief, Etc., Act. 10 ELiz. II. No. 22, 1961. the whole of the loan then remaining unrepaid shall forthwith become due and payable and shall be recoverable, with inte:rest thereon, by the Corporation accordingly, and that for the purpose of such recovery the Corporation shall have and may exercise all such rights and remedies as it would have and might exercise if such primary producer had made default in the repayment of the moneys so recoverable." By Authority: S. G. REID, Government Printer, Brisbane--1961