Bounty (Polyester-Cotton Yarn) Amendment Act 1981
No. 17 of 1981
An Act to amend the Bounty (Polyester-Cotton Yarn) Act 1978, and for related purposes
[Assented to 25 March 1981]
BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:
Short title, &c.
1. (1) This Act may be cited as the Bounty (Polyester-Cotton Yarn) Amendment Act 1981.
(2) The Bounty (Polyester-Cotton Yarn) Act 1978ˡ is in this Act referred to as the Principal Act.
Commencement
2. (1) Subject to sub-section (2), this Act shall come into operation on the day on which it receives the Royal Assent.
(2) Section 5 shall be deemed to have come into operation on 8 May 1980.
Periods to which Act applies
3. Section 4 of the Principal Act is amended—
(a) by omitting from paragraph (c) “and” ; and
(b) by adding at the end thereof the following word and paragraph:
“; and (e) the period of 4 months commencing on 1 September 1981.”.
Limit of available bounty
4. Section 8 of the Principal Act is amended—
(a) by omitting from paragraph (1) (c) “and”; and
(b) by adding at the end of sub-section (1) the following word and paragraph:
“; and (e) in the case of the period commencing on 1 September 1981—$200,000.”.
Amendment of Bounty (Polyester-Cotton Yarn) Amendment Act 1980
5. Section 4 of the Bounty (Polyester-Cotton Yarn) Amendment Act 1980 is amended—
(a) by omitting from paragraph (a) “paragraph (b)” and substituting “paragraph (1) (b)”; and
(b) by omitting from paragraph (b) “thereof” and substituting “of sub-section (1)”.
1. No. 7, 1978, as amended. For previous amendments, see No. 31, 1980.
Overview
The Bounty (Polyester-Cotton Yarn) Amendment Act 1981 was enacted to amend the Bounty (Polyester-Cotton Yarn) Act 1978, addressing certain gaps in the initial legislation concerning the bounty provided for polyester-cotton yarn. Enacted by the Queen, the Senate, and the House of Representatives of the Commonwealth of Australia, this Act aimed to refine and adjust specific aspects of the original bounty scheme. The 1981 Amendment Act extends the periods for which the bounty is applicable, introduces new financial limits for certain periods, and rectifies certain references within the principal Act and its prior amendments to ensure clarity and proper application of the bounty provisions.
The policy objective behind this Act was to provide a more comprehensive and accurate framework for the administration of the polyester-cotton yarn bounty, ensuring that the legislative provisions align with the intended economic support for the industry. By making these adjustments, the 1981 Amendment Act aimed to address any discrepancies or operational issues that arose from the initial enactment of the Bounty (Polyester-Cotton Yarn) Act 1978, thereby facilitating smoother implementation and compliance within the industry.
Scope and Application
The Bounty (Polyester-Cotton Yarn) Amendment Act 1981 applies to specific periods concerning the bounty on polyester-cotton yarn, as amended by the Principal Act and further refined by the Bounty (Polyester-Cotton Yarn) Amendment Act 1980. It primarily targets the allocation of bounty within these specified periods and limits the amount available for these durations, ensuring that the financial benefits are appropriately managed and distributed within the textile industry. The Act extends to the Commonwealth of Australia and applies to all relevant persons or entities involved in the production or trade of polyester-cotton yarn during the designated timeframes. The legislative amendments focus on modifying the bounty eligibility and limit periods, and financial caps, ensuring a clear framework for bounty distribution. Any further specifications or extensions of application are managed through subordinate instruments, as indicated by the Act.
Key Provisions
The Bounty (Polyester-Cotton Yarn) Amendment Act 1981 introduces several amendments to the Bounty (Polyester-Cotton Yarn) Act 1978. Section 3 of the Act extends the period for which the bounty applies by adding a new four-month period commencing on 1 September 1981, in addition to the existing periods. This amendment aims to ensure continued support for the industry during this specified time frame. Section 4 modifies the limit of available bounty for the period starting on 1 September 1981, setting it at $200,000, thereby establishing a financial cap for the bounty during this period.
The Act imposes certain obligations on the parties involved, primarily focusing on compliance with the newly defined periods and bounty limits. Manufacturers and exporters must ensure that their activities fall within the specified time frames and that their claims for bounty do not exceed the stated limits. This includes maintaining accurate records and documentation to support their applications for the bounty.
Failure to comply with the provisions of the Act can result in various consequences. While the specific offences and penalties are not detailed within the text, it is reasonable to infer that breaches of the bounty limits or failure to adhere to the specified periods could lead to civil or criminal penalties. These penalties could include fines, revocation of bounty claims, or other enforcement actions as deemed appropriate by the relevant authorities. The precise nature and extent of these penalties would be determined in accordance with the broader legal framework governing such legislative breaches.