Sulphate of Ammonia Bounty Act (No. 2) 1966 (Cth)

Sulphate of Ammonia Bounty (No. 2)

No. 79 of 1966

An Act to amend the Sulphate of Ammonia Bounty Act 1962–1964, as amended by the Sulphate of Ammonia Bounty Act 1966.

[Assented to 29 October 1966]

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 Sulphate of Ammonia Bounty Act (No. 2) 1966.

(2.) The Sulphate of Ammonia Bounty Act 1962–1964, as amended by the Sulphate of Ammonia Bounty Act 1966, is in this Act referred to as the Principal Act.

(3.) Section 1 of the Sulphate of Ammonia Bounty Act 1966 is amended by omitting sub-section (3.).

(4.) The Principal Act, as amended by this Act, may be cited as the Sulphate of Ammonia Bounty Act 1962–1966.

Commencement.

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

 

Interpretation.

3. Section 3 of the Principal Act is amended—

(a) by omitting from paragraph (b) of sub-section (2.) the word “and”;

(b) by adding at the end of sub-section (2.) the following paragraphs:—

“(d) the period commencing on the first day of October, One thousand nine hundred and sixty-six and ending on the twenty-fifth day of October, One thousand nine hundred and sixty-six;

“(e) the period commencing on the twenty-sixth day of October, One thousand nine hundred and sixty-six and ending on the thirty-first day of December, One thousand nine hundred and sixty-seven;

“(f) the year commencing on the first day of January, One thousand nine hundred and sixty-eight; and

“(g) the year commencing on the first day of January, One thousand nine hundred and sixty-nine.”; and

(c) by omitting sub-sections (3.) and (4.).

Limit of available bounty.

4. Section 8 of the Principal Act is amended—

(a) by omitting from paragraph (c) of sub-section (1.) the word “and”; and

(b) by omitting paragraph (d) of sub-section (1.) and inserting in its stead the following paragraphs:—

“(d) in respect of sulphate of ammonia sold in the fifth period to which this Act applies is Four hundred and fifty thousand dollars;

“(e) in respect of sulphate of ammonia sold in the sixth period to which this Act applies is Sixty-one thousand five hundred dollars;

“(f) in respect of sulphate of ammonia sold in the seventh period to which this Act applies is One million one hundred and eighty-three thousand five hundred dollars;

“(g) in respect of sulphate of ammonia sold in the eighth period to which this Act applies is One million dollars; and

“(h) in respect of sulphate of ammonia sold in the ninth period to which this Act applies is One million dollars.”.

 

Reduction of bounty where profits exceed ten per centum per annum.

5. Section 9 of the Principal Act is amended by adding at the end thereof the following sub-section:—

“(7.) This section does not apply in relation to bounty payable in respect of sulphate of ammonia sold on or after the twenty-sixth day of October, One thousand nine hundred and sixty-six.”.

Accounts.

6. Section 12 of the Principal Act is amended by adding at the end thereof the following sub-section:—

“(3.) This section does not apply in relation to bounty payable in respect of sulphate of ammonia sold on or after the twenty-sixth day of October, One thousand nine hundred and sixty-six.”.