WHEAT INDUSTRY (WAR-TIME CONTROL).
No. 84 of 1939.
An Act relating to the Financial Arrangements necessary for
carrying out a Scheme for the Regulation and Control of the Wheat Industry
during the present War.
[Assented to 15th December, 1939.]
BE it enacted by the King’s Most Excellent
Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia,
as follows:—
Short
title.
1. This Act
may be cited as the Wheat Industry (War-time Control) Act 1939.
Commencement.
2. This Act
shall come into operation on the day on which it receives the Royal Assent.
Definitions.
3. In this
Act, unless the contrary intention appears—
“the Fund” means the Wheat Industry
Stabilization Fund established by the Wheat
Industry Assistance Act 1938;
“the Special Account” means the Wheat Industry
Special Account kept in the Fund in pursuance of section six of the Wheat Industry Assistance Act 1938;
“the Wheat Tax Account” means the Wheat Tax
Account kept in the fund in pursuance of section six of the Wheat Industry Assistance Act 1938.
Suspension
of certain provisions of the Wheat Industry
Assistance Act 1938.
4.—(1.) The
operation of the following provisions of the Wheat Industry Assistance Act 1938 is suspended, namely,
sub-sections (1.), (2.), (6.) and (7.) of section six, section ten, sub-section
(2.) of section twelve, and section thirteen.
(2.) Upon the expiration of the operation of this
Act the suspension effected by this section shall cease.
Payments
by States not to be made in respect of certain wheat.
5. Wheat
harvested on or after the eighth day of October, One thousand nine hundred and
thirty-nine, which has been acquired by the Commonwealth in pursuance of the
Wheat Acquisition Regulations (being Statutory Rules 1939 No. 96), shall not be
deemed to have been sold or delivered for sale within the meaning of
sub-section (7.) of section six of the Wheat
Industry Assistance Act 1938.
Use
of moneys in Wheat Industry Stabilization Fund.
6.All
moneys paid into the Fund on or after the second day of December, One thousand
nine hundred and thirty-nine, other than—
(a)
moneys required to make any payments in pursuance of sub-section. (5.) of
section six of the Wheat Industry
Assistance Act 1938; and
(b)
any moneys credited to the Special Account or the Wheat Tax Account in
pursuance of sub-section (3.) or sub-section (4.) of that section,
shall be paid to the Commonwealth Bank of
Australia in part repayment of advances to the Commonwealth made by that Bank
in pursuance of regulation 28 of the Wheat Acquisition Regulations (being
Statutory Rules 1939 No. 96).
Operation
of Wheat Industry Assistance Act
1938.
7.Notwithstanding
anything contained in this Act, if and when any such advances made by the
Commonwealth Bank have been fully repaid, the provisions of the Wheat Industry Assistance Act 1938, the operation
of which is suspended by section four of this Act, shall again come into
operation and shall continue in operation as if this Act had not been passed
until such time as any further such advances are made by the Commonwealth Bank.
Duration
of Act.
8.