Grain Marketing Amendment Act 1984 (WA)

WESTERN AUSTRALIA.

GRAIN MARKETING.

No. 63 of 1984.

AN ACT to amend the Grain Marketing Act 1975.

[Assented to 24 October 1984.]

BE it enacted by the Queen's Most ExcellentMajesty, by and with the advice and consent

of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:—

1. (1) This Act may be cited as the Grain aSn incoi rit, titlep rind al

Marketing Amendment Act 1984. Act.

(2) In this Act the Grain Marketing Act 1975 is tbe7t5Na : . 85 of amended 1)3,

referred to as the principal Act.	Acts Nos. 4 and 89 of	1981 and
92 of 1982.

No. 63.] Grain Marketing. [1984.

Commence-

ment. 2. This Act shall come into operation on the day

when it is assented to by the Governor.

Section 19

amended. 3. Section 19 of the principal Act is amended by

deleting paragraphs (c) and (d).

Section 19A

inserted. 4. After section 19 of the principal Act, the

following section is inserted-

Financial

Powers. 19A. (1) For the purposes of this Act, the

Grain Pool may

(a) borrow money;

(b) obtain credit; and

(c) arrange for financial accommodation to be extended to the Grain Pool in ways additional to or other than borrowing moneys or obtaining credit.

(2) For the purposes of this Act, the Grain

Pool may

(a)	draw, make, accept, endorse, discount, execute, issue and deliver promissory notes, bills of exchange, unsecured notes, bonds, mortgages, securities or any similar instruments or documents; and
(b)	execute all such other instruments, whether by way of security or other- wise, affecting all or part of the property of the Grain Pool or property to be acquired by the Grain Pool, as may be required for those purposes.

1984.] Grain Marketing. [No. 63.

(3) Any moneys borrowed by, credit obtained by, or financial accommodation extended to, the Grain Pool under this section may be raised or entered into, either in the State or elsewhere. ".

5. Section 36 of the principal Act is amended— amended.

(a) in subsection (1), by inserting after "thereon" the following

f <

and performance of any obligation or contingent obligation of the Grain Pool however or wherever arising entered into or to be entered into by the Grain Pool under section 19A "; and

(b) in subsection (3), by inserting after "borrowed" the following

t( or an obligation or contingent

obligation entered into or to be entered

into ".