Wool Products Bounty Regulations (Cth)
Statutory
Rules 1951, No. 39.
“ producer ” means a producer of wool products ;
“ the Act ” means the
Wool Products Bounty Act 1950 ;“ the Commission ” means, the Australian Wool Realization Commission constituted under the W
ool Realization Act 1945-1950.
(2.) An application for an advance of bounty which includes the particulars required by this regulation to be contained in a notice of intention to claim bounty shall be deemed for the purposes of these Regulations to be a notice of intention to claim bounty.
(3.) A notice of intention to claim bounty shall include the following particulars :—
(
a ) the name and address of the producer ;(
b )the date and place of the purchase by the producer of the wool the subject of the notice ;(
c ) the name of the buying broker or agent ;
(
(
d ) the name of the selling broker ;(
e ) the catalogue number ;(
f ) in respect of each lot, the number of the lot, the quantity of wool contained in the lot in bales, fadges or sacks, the weight in pounds and the purchase price per pound.
(2.) The amount of any advance of bounty or, where more than one advance is made in respect of the same wool, the total amount of such advances, shall not exceed the amount of bounty which, in the opinion of the Commission, would be payable in respect of wool products manufactured from that wool.
(
a ) notified the Commission in writing of his intention so to do; and(
b )repaid to the Commission an amount equal to the amount of the advance or, in the case of the sale or other disposition of a portion of the wool, an amount which bears to the amount of the advance the same proportion as the portion of the wool sold or otherwise disposed of bears to the quantity of wool in respect of which the advance was paid.
Penalty: One hundred pounds.
(2.) Where wool in respect of which an advance of bounty has been paid to a producer is not manufactured into a wool product before the thirty-first day of December, 1951, an amount equal to the amount of the advance on that wool shall be paid to the Commission by the producer on or before that date.
(3.) An advance of bounty re-payable to the Commission in accordance with this regulation shall be a debt due to the Commonwealth and may be sued for by the Commonwealth in any court of competent jurisdiction.
Penalty: One hundred pounds.
(2.) Where, before the date of commencement of these Regulations, an advance of bounty has been made to a producer and bounty in accordance with section 7 of the Act has not been paid to him, that advance shall be deemed to be an advance of bounty made in accordance with these Regulations.
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