Cellulose Acetate Flake Bounty
No. 68 of 1970
An Act relating to the Bounty on Cellulose Acetate Flake.
[Assented to 14 October 1970]
[Date of commencement 11 November 1970]
BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—
Short title and citation.
1.—(1.) This Act may be cited as the Cellulose Acetate Flake Bounty Act 1970.
(2.) The Cellulose Acetate Flake Bounty Act 1956-1969 is in this Act referred to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may be cited as the Cellulose Acetate Flake Bounty Act 1956-1970.
Definitions.
2. Section 3 of the Principal Act is amended—
(a) by omitting from paragraph (e) of the definition of “period to which this Act applies” the word “or”; and
(b) by adding at the end of that definition the following word and paragraph:—
“or (g) the period that commenced on the first day of January, One thousand nine hundred and seventy and ended on the thirtieth day of June, One thousand nine hundred and seventy;”.
Extension of period in respect of which bounty is payable.
3. Section 3a of the Principal Act is amended by omitting sub-section (1.) and inserting in its stead the following sub-section:—
“(1.) The Governor-General may, by Proclamation, declare that a period commencing on the first day of July, One thousand nine hundred and seventy, and ending on such date as is specified in the Proclamation (being a date not later than the thirty-first day of December, One thousand nine hundred and seventy) is a period to which this Act applies.”.
Limit of available bounty.
4. Section 8 of the Principal Act is amended—
(a) by omitting from paragraph (g) of sub-section (1.) the word “and” (last occurring); and
(b) by inserting after that paragraph the following paragraph:—
“(ga) in respect of cellulose acetate flake sold during the period to which this Act applies that commenced on the first day of January, One thousand nine hundred and seventy —is One hundred and twelve thousand dollars; and”.
Overview
The Cellulose Acetate Flake Bounty Act 1970 was enacted to address a specific economic concern related to the bounty payable for cellulose acetate flake within a designated period. This Act was introduced by the Australian Parliament and received royal assent on 14 October 1970, with the commencement date set for 11 November 1970. The primary policy objective of the Act was to amend the Cellulose Acetate Flake Bounty Act 1956-1969 to extend the period for which the bounty is payable and to adjust the financial limit for the bounty available during this period. The legislation ensures that the bounty provisions are aligned with the economic conditions and needs of the industry for the specified timeframe.
Scope and Application
The Cellulose Acetate Flake Bounty Act 1970 applies to the bounty on cellulose acetate flake for a specific period, extending from 1 July 1970 to a date specified by the Governor-General in a Proclamation, not later than 31 December 1970. The Act amends the Cellulose Acetate Flake Bounty Act 1956-1969, defining the period to which it applies and adjusting the limit of the available bounty for cellulose acetate flake sold during the specified period. The Act applies to any persons or entities involved in the sale of cellulose acetate flake within the Commonwealth of Australia. The Act's reach is limited to the specified period and does not extend beyond the dates mentioned in the legislation, nor does it exclude any specific persons, entities, or industries from its application. Subordinate instruments may be used to extend or restrict the application of this Act within the parameters set by the legislation.
Key Provisions
The Cellulose Acetate Flake Bounty Act 1970 (C1970A00068) amends the Cellulose Acetate Flake Bounty Act 1956-1969, extending the period for which a bounty on cellulose acetate flake is payable. Specifically, section 3 of the Act defines the term "period to which this Act applies" to include the period commencing on 1 January 1970 and ending on 30 June 1970. This amendment is critical as it ensures that producers of cellulose acetate flake within this specific period can claim the bounty under this legislation.
The Act imposes obligations on the relevant parties, primarily producers of cellulose acetate flake, to ensure they meet the criteria for claiming the bounty. This includes adhering to the specified period and providing necessary documentation to support their claims. The Act also mandates that the Governor-General may declare additional periods by proclamation, thereby extending the scope of bounty eligibility beyond the initially defined period. This flexibility allows for adjustments in response to market conditions or other relevant factors.
In terms of consequences, the Act does not explicitly outline penalties for non-compliance or breaches. However, the failure to meet the requirements for claiming the bounty could result in the denial of the bounty payment, which could have financial implications for the affected producers. While the Act does not specify criminal or civil penalties, the potential financial loss underscores the importance of adhering to the legislative requirements.
The Act’s focus on defining periods and extending the bounty eligibility highlights its intent to provide financial support to producers during specified times. By clarifying the periods and the conditions under which the bounty can be claimed, the Act ensures that eligible parties can benefit from the financial incentives provided by the legislation. This, in turn, supports the industry by recognising and rewarding the production of cellulose acetate flake within the designated timeframes.