Wool Research and Development Corporation Regulations (Cth)

Statutory

Rules1991No. 178 1

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Wool Research and Development

Corporation Regulations

  

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Primary Industries and Energy Research and Development Act 1989.

 

 Dated 27 June 1991.

 

  BILL HAYDEN

 Governor-General

 By His Excellency’s Command,

  

SIMON CREAN

Minister of State for Primary Industries

and Energy

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Citation

1.

These Regulations may be cited as the Wool Research and Development Corporation Regulations.

  

Commencement

 2. These Regulations commence on 1 July 1991.

Interpretation

3. In these Regulations, unless the contrary intention appears:

“Act” means the Primary Industries and Energy Research and Development Act 1989;

“Research Corporation” means the Wool Research and Development Corporation established under regulation 4;

“Research Council” has the same meaning as it had in the Wool Marketing Act 1987 immediately before that Act was repealed;

“shorn wool” has the same meaning as in the Australian Wool Corporation Act 1991.

  

Establishment of the Research Corporation

4. For the purposes of section 8 of the Act, an R & D Corporation, to be known as the Wool Research and Development Corporation, is declared to be established in respect of the wool industry.

  

Gross value of production of wool

5. (1)  For the purposes of subsection 32 (2) of the Act, the Minister must determine the gross value of production of wool for a financial year (in this regulation called the “relevant year”) in accordance with the formula:

 

eq

 

where:

A is the estimated value of wool to be produced in the relevant year; and

B is the value of wool produced in the 2 financial years immediately before the relevant year.

 

 (2) In this regulation, a reference to the value of wool produced or to be produced in a financial year is a reference to:

(a)

the gross value of wool produced in that year; or

• (b)

  the estimated gross value of wool to be produced in that year;

as shown in the official statistics supplied by the Australian Bureau of Agricultural and Resource Economics.

     

Substitution for Research Council

6. For the purposes of section 147A of the Act, the Research Corporation is substituted as a party for the Research Council in respect of any agreements or instruments to which the Research Council was a party immediately before the repeal of the Wool Marketing Act 1987.

  

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NOTE

 

1. Notified in the Commonwealth of Australia Gazette