States Grants (Petroleum Products) Regulations (Cth)

STATUTORY RULES

1966 No. 7

 

REGULATIONS UNDER THE STATES GRANTS (PETROLEUM PRODUCTS) ACTS 1965.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the States Grants (Petroleum Products) Acts 1965.

Dated this twentieth day of January, 1966.

Governor-General.

By His Excellency’s Command,

(Sgd.) KEN ANDERSON

Minister of State for Customs and Excise.

 

STATES GRANTS (PETROLEUM PRODUCTS) REGULATIONS

Short title.

1. These Regulations may be cited as the States Grants (Petroleum Products) Regulations.

Equivalents in decimal currency.

2.—(1.) Subject to the next succeeding sub-regulation, the equivalents in the currency provided for by the Currency Act 1965 of the rates of payment specified in a Schedule to a scheme formulated by the Minister under section 4 of the States Grants (Petroleum Products) Acts 1965 shall be ascertained on the basis that the amount of money in the currency so provided for that corresponds to one penny in the currency provided for by the Coinage Act 1909-1947 is five-sixths of a cent.

(2.) Where an equivalent rate in the currency provided for by the Currency Act 1965 of a rate specified in a Schedule to such a scheme, calculated in accordance with the last preceding sub-regulation, is not an amount of cents, or cents and tenths of a cent, without remainder, the equivalent rate shall—

(a) if the remainder is less than five-hundredths of a cent—be deemed to be reduced by the amount of the remainder; and

(b) if the remainder is, or exceeds, five-hundredths of a cent—be increased by treating the remainder as one-tenth of a cent.

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* Notified in the Commonwealth Gazette on 27 January, 1966.

 

By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra

14776/65.—Price 6d. (5c) 9/3.12.1965