Explanatory Statement
Statutory Rules 1984 No. 130
Amendment of the Bounty (Agricultural Tractors) Regulations
Issued by the Authority of the Minister of State for Industry and Commerce
Regulation 4 prescribes, for the purposes of sub-section 6(1A) of the Bounty (Agricultural Tractors) Act 1966, the factor by which an amount ascertained in accordance with the Schedule to the Act may be multiplied.
The purpose of the regulations is to amend regulation 4 by introducing a new factor, which is to have effect from 1 July 1984. This adjustment is consistent with established practice.
The revised factor has been calculated to accord with recent movements in the Australian Bureau of Statistics Import Price Index “Machinery Specialised for Particular Industries” group.
The decrease in the factor will mean a decrease in bounty entitlements of approximately 2.3% from the previous factor.