Export Market Development Grants Amendment Act 2003 (Cth)

Export Market Development Grants Amendment Act 2003

No. 58, 2003

An Act to amend the Export Market Development Grants Act 1997, and for related purposes

Contents

Export Market Development Grants Amendment Act 2003

No. 58, 2003

An Act to amend the Export Market Development Grants Act 1997, and for related purposes

[Assented to 30 June 2003]

The Parliament of Australia enacts:

1Short title

This Act may be cited as the Export Market Development Grants Amendment Act 2003.

2Commencement

This Act commences on the day on which it receives the Royal Assent.

3Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1Amendment of the Export Market Development Grants Act 1997Part 1Income for the grant year

1

Paragraph 7(1)(d)

Omit “$50,000,000”, substitute “$30,000,000”.

2

Paragraph 7(4)(c)

Omit “$50,000,000”, substitute “$30,000,000”.

3

Section 11

Omit “$50,000,000”, substitute “$30,000,000”.

4

Paragraph 53(1)(b)

Omit “$50,000,000”, substitute “$30,000,000”.

Part 2Export earnings

5

Paragraph 7(1)(e)

Repeal the paragraph.

6

Subsection 7(1) (note)

Omit “export earnings,”.

7

Paragraph 7(2)(b)

Repeal the paragraph.

8

Subsection 7(2) (note)

Omit “, grantee and export earnings”, substitute “and grantee”.

9

Paragraph 7(4)(d)

Repeal the paragraph.

10

Subsection 7(4) (note)

Omit “export earnings,”.

11

Subsection 7(5)

Repeal the subsection.

12

Subsection 10(1) (table item 3, column 3)

Omit “(subject to subsection 7(5))”.

Part 3Provisional grant amount

13

Paragraph 63(4)(b)

Omit “$200,000”, substitute “$150,000”.

Part 4Number of grants payable

14

Paragraph 7(1)(c)

Omit “8”, substitute “7”.

15

Paragraph 7(4)(b)

Omit “8”, substitute “7”.

16

Subsection 8(2)

Repeal the subsection.

17

Subsection 63(3) (table item 5, column 2)

Omit “or more”.

Part 5New market

18

List of terms defined in Part 9

Omit “new market”.

19

Section 40 (table item 10)

Repeal the item.

20

Section 50

Repeal the section.

21

Section 107 (definition of new market)

Repeal the definition.

22

Section 113

Repeal the section.

Part 6Reader’s Guide diagram

23

Diagram 2 in the Reader’s Guide

Repeal the diagram, substitute:

Diagram 2—Who is eligible for a grant? (Overview of Part 3)

Part 7Application provision

24

Application

The amendments made by this Schedule apply, and are taken to have applied, in relation to a grant year that commences, or commenced, on or after 1 July 2003.

[Minister’s second reading speech made in—

House of Representatives on 29 May 2003

Senate on 18 June 2003]

(72/03)