Appropriation Act (No. 3) 1971-72

Overview

The Appropriation (No. 3) 1971-72 Act, enacted in 1971, was introduced to address the need for additional funding to support the Australian Wool Commission Act 1970. This Act authorises the appropriation of an additional sum of thirty million dollars from the Consolidated Revenue Fund to ensure the smooth functioning and objectives of the Australian Wool Commission. The Act was enacted by the Queen, in right of the Commonwealth of Australia, through her most Excellent Majesty, the Senate, and the House of Representatives. The policy objective of this Act was to provide the necessary financial resources to the Australian Wool Commission to fulfil its mandate and effectively manage the wool industry during the financial year 1971-72.

Scope and Application

The Appropriation (No. 3) 1971-72 Act is a specific piece of legislation enacted to allocate a sum of money from the Consolidated Revenue Fund to the Australian Wool Commission Act 1970. This Act applies directly to the Australian Wool Commission, an entity responsible for the management and promotion of the wool industry in Australia. The legislation ensures that additional funds are available to support the Commission’s activities, which include the regulation and promotion of wool production and marketing. The Act is geographically confined to the Commonwealth of Australia, with its scope limited to the appropriation of funds for a specified purpose within the national framework. The Act does not explicitly state any exclusions, exemptions, or thresholds, but its application is restricted to the appropriation outlined within its provisions. Any further extension or restriction of this application would likely be addressed through subordinate instruments or regulations that may be issued under the authority of the Australian Wool Commission Act 1970.

Key Provisions

The main operative sections of the Appropriation Act (No. 3) 1971-72 are primarily focused on the allocation of funds. Section 3 explicitly states that an additional sum of Thirty million dollars is appropriated from the Consolidated Revenue Fund, with the purpose of being used under the Australian Wool Commission Act 1970. This appropriation is in addition to the funds already allocated by the Appropriation Act (No. 2) 1971-72. The Act becomes effective from the day it receives Royal Assent, as outlined in Section 2. The Act imposes specific obligations and requirements on the financial and administrative processes of the Australian government. It mandates the allocation of the specified funds to the Australian Wool Commission, ensuring that the resources are directed towards the activities outlined under the Australian Wool Commission Act 1970. These obligations necessitate accurate record-keeping and financial management to ensure the appropriated funds are used appropriately and in accordance with the intended legislative purposes. In terms of potential breaches and consequences, the Act does not explicitly detail offences, penalties, or specific civil or criminal consequences for non-compliance. However, given the nature of financial appropriations and the potential for misuse or mismanagement of public funds, any breach could lead to significant legal and administrative repercussions. These may include financial audits, inquiries, or legal action to recover misappropriated funds or to hold accountable those responsible for non-compliance. Although the exact penalties are not specified within the Act, the overarching legal framework governing public funds would apply, which could include fines, imprisonment, or other civil remedies.