Bounty (Agricultural Tractors) Amendment Act 1978

Legislation au C2004A01907 Not in force Act

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BOUNTY (AGRICULTURAL TRACTORS) AMENDMENT ACT 1978

No. 108 of 1978

An Act to amend the Agricultural Tractors Bounty Act 1966.

BE IT ENACTED by the Queen, and the Senate and House of Representatives of the Commonwealth of Australia, as follows:

Short title, &c.

1. (1) This Act may be cited as the Bounty (Agricultural Tractors) Amendment Act 1978.

 

(2) The Agricultural Tractors Bounty Act 1966 is in this Act referred to as the Principal Act.

Commencement

2. This Act shall come into operation on the day on which it receives the Royal Assent.

3. Section 1 of the Principal Act is repealed and the following section is substituted:

Short title

“1. This Act may be cited as the Bounty (Agricultural Tractors) Act 1966.”.

Rate of bounty

4. Section 6 of the Principal Act is amended by omitting sub-section (1a) and substituting the following sub-sections:

“(1a) The regulations may prescribe a factor for the purpose of this sub-section and, where a factor is so prescribed, then, for the purpose of calculating the bounty payable in respect of a tractor manufactured at a time when the regulations prescribing that factor are in force, an amount ascertained in accordance with the Schedule shall be multiplied by that factor.

 

“(1ab) Regulations made for the purpose of varying the factor referred to in sub-section (1a) shall, as far as is practicable, so vary the factor that the variation adjusts the bounty in accordance with movements in prices of imported tractors.”.

Amendment of Schedule

5. The Schedule to the Principal Act is amended—

(a) by inserting after the heading “AMOUNTS OF BOUNTY” the following heading:

“TABLE 1”; and

(b) by adding at the end thereof the following table:

“TABLE 2

Output of Engine

Tractor manufactured during period commencing on date of commencement of Bounty (Agricultural Tractors) Amendment Act 1978 and ending on terminating date

kW

$

106...........................................................

2,465

107...........................................................

2,488

108...........................................................

2,511

109...........................................................

2,534

110...........................................................

2,557

111...........................................................

2,580

112...........................................................

2,603

113...........................................................

2,627

114...........................................................

2,650

115...........................................................

2,673

116...........................................................

2,696

117...........................................................

2,719

118...........................................................

2,742

119...........................................................

2,765

120...........................................................

2,788

121...........................................................

2,811

122...........................................................

2,834

123...........................................................

2,857

124...........................................................

2,880

125...........................................................

2,903

126...........................................................

2,926

127...........................................................

2,949

128...........................................................

2,973

129...........................................................

2,996

130...........................................................

3,019

131...........................................................

3,042

132...........................................................

3,065

133...........................................................

3,088

134...........................................................

3,111

135...........................................................

3,134

136...........................................................

3,157

137...........................................................

3,180

138...........................................................

3,203

139...........................................................

3,226

140...........................................................

3,249

141...........................................................

3,272

142...........................................................

3,296

143...........................................................

3,319

144...........................................................

3,342

145...........................................................

3,365

146...........................................................

3,388

147...........................................................

3,411

148...........................................................

3,434

149...........................................................

3,457

150 and over.....................................................

3,480

Transitional

6. Until regulations are made for the purpose of sub-section 6(1a) of the Principal Act as amended by this Act, the factor prescribed by regulations made for the purposes of sub-section 6(1a) of the Principal Act and in force immediately before the commencement of this Act shall be deemed to be the factor prescribed for the purpose of sub-section 6(1a) of that Act as amended by this Act.

Overview

The Bounty (Agricultural Tractors) Amendment Act 1978 (C2004A01907) was enacted by the Queen, the Senate, and the House of Representatives of the Commonwealth of Australia to amend the Agricultural Tractors Bounty Act 1966. The original Act was designed to provide financial incentives for the purchase of agricultural tractors in Australia by offering a bounty to manufacturers. However, the 1978 Amendment Act was introduced to address the need for more flexible and responsive bounty rates in response to market conditions, particularly the prices of imported tractors. This Act aims to better align the bounty with market movements, ensuring that the incentive remains effective in supporting local manufacturing while also reflecting the economic realities of the agricultural sector.

Scope and Application

The Bounty (Agricultural Tractors) Amendment Act 1978 amends the Agricultural Tractors Bounty Act 1966, providing modifications to the bounty rates for domestically manufactured agricultural tractors. This Act applies to manufacturers and importers of agricultural tractors within the Commonwealth of Australia, seeking to adjust the bounty rates based on market dynamics, particularly the prices of imported tractors. The Act allows for the regulation of bounty rates through prescribed factors, ensuring that the bounty remains competitive with international markets. The Act's provisions extend across Australia, given its national scope, and it does not explicitly state exclusions or exemptions beyond what is outlined within its text. The operation and application of the Act may be further defined and extended through subordinate regulations, which can adjust the bounty rates in accordance with market movements.

Key Provisions

The Bounty (Agricultural Tractors) Amendment Act 1978 (Act) modifies the Agricultural Tractors Bounty Act 1966 (Principal Act) primarily by altering the rate of bounty and introducing new provisions for calculating the bounty payable on tractors manufactured in Australia. Section 1 of the Principal Act is repealed and replaced with a new section that renames the Act as the Bounty (Agricultural Tractors) Act 1966 (Section 1(1)). Section 6 of the Principal Act is amended to allow for a factor to be prescribed by regulations for calculating the bounty. This factor is intended to adjust the bounty in accordance with the prices of imported tractors (Section 6(1a), (1ab)). The Schedule to the Principal Act is also amended to include a new table specifying the bounty amounts based on the output of the tractor's engine (Section 5). Under the Act, the bounty rate for domestically manufactured agricultural tractors is to be determined by multiplying an amount ascertained according to the Schedule by a prescribed factor (Section 6(1a)). This factor can be varied by regulations to align the bounty with market prices of imported tractors (Section 6(1ab)). The new table in the Schedule lists the bounty amounts for tractors with engine outputs ranging from 106 kW to 150 kW and above (Section 5). Until specific regulations are made under the amended Act, the factor in force immediately before the Act's commencement continues to apply (Section 6). The Act imposes several obligations on parties and entities it governs. Manufacturers of agricultural tractors in Australia must ensure their tractors meet the specifications outlined in the Schedule to qualify for the bounty. Additionally, the regulations that prescribe the bounty factor must be made with consideration of the impact on the domestic market and the prices of imported tractors (Section 6(1ab)). Failure to comply with the bounty calculation as per the prescribed regulations could result in penalties or other legal consequences. Breaches of the bounty calculation or fraudulent claims for bounty payments may result in civil or criminal penalties. While the Act does not specify maximum penalties, under general Australian law, penalties for such offences could include fines and imprisonment, depending on the severity and intent of the breach. It is essential for manufacturers and other stakeholders to adhere to the provisions of the Act to avoid potential legal repercussions.

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Commercial Law
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Commencement Provisions
Regulatory Standards
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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.