Raw Cotton Bounty Act 1969 (Cth)

Raw Cotton Bounty

No. 16 of 1969

An Act to amend the Raw Cotton Bounty Act 1963-1968.

[Assented to 30 April 1969]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Raw Cotton Bounty Act 1969.

(2.) The Raw Cotton Bounty Act 1963-1968 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the Raw Cotton Bounty Act 1963-1969.

Commencement.

2.This Act shall be deemed to have come into operation on the first day of March, One thousand nine hundred and sixty-nine.

Definitions.

3.Section 3 of the Principal Act is amended by omitting from paragraph (d)of the definition of “period to which this Act applies” the word “two” and inserting in its stead the word “five”.

 

Limit of available bounty.

4.Section 8 of the Principal Act is amended by inserting after subsection (1.) the following sub-sections:—

“(1a.) The amount available for payment of bounty in respect of raw cotton in respect of which bounty becomes payable in the period to which this Act applies that commences on the first day of March, One thousand nine hundred and sixty-nine, is Four million dollars.

“(1b.) The amount available for payment of bounty in respect of raw cotton in respect of which bounty becomes payable in the period to which this Act applies that commences on the first day of March, One thousand nine hundred and seventy, is Three million dollars.

“(1c.) The amount available for payment of bounty in respect of raw cotton in respect of which bounty becomes payable in the period to which this Act applies that commences on the first day of March, One thousand nine hundred and seventy-one, is Two million dollars.”.

Good quality essential.

5.