COTTON INDUSTRIES BOUNTY.
No. 17 of 1932.
An Act to amend the Cotton Industries Bounty Act 1930.
[Assented to 28th May, 1932.]
BE it enacted by the King’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 Cotton Industries Bounty Act 1932.
(2.) The Cotton Industries Bounty Act 1930 is in this Act referred to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may be cited as the Cotton Industries Bounty Act 1930-1932.
Limit of amount of bounty.
2. Section five of the Principal Act is amended—
(a) by inserting in sub-section (1.), after the word “year”, the words “prior to the financial year beginning on the first day of July One thousand nine hundred and thirty-two”;
(b) by inserting after sub-section (1.) the following sub-section:—
“(1a.) The total amount of bounty authorized to be paid under this Act in the financial year beginning on the first day of July One thousand nine hundred and thirty-two and in each financial year thereafter during which bounty is payable under this Act, shall not exceed. One hundred and fifty thousand pounds.”; and
(c) by omitting from sub-section (2.) the words “in respect of seed cotton or cotton yarn, as the case may be,” (wherever occurring).
Specification of bounties.
3. Section six of the Principal Act is amended by omitting sub-section (1.) and inserting in its stead the following sub-section:—
“(1.) The bounties under this Act shall be payable—
(a) in respect of seed cotton which—
(i) has been grown in Australia;
(ii) has been delivered to an appointed place; and
(iii) has, on or before the thirtieth day of September One thousand nine hundred and thirty-six, been graded in one of the grades prescribed under section eight of this Act; and
(b) in respect of cotton yarn manufactured in Australia and delivered from a factory on or before the thirtieth day of June One thousand nine hundred and thirty-two:
Provided that, in any particular case, bounty shall, with the approval of the Minister, be payable in respect of lint produced, on or before the thirtieth day of September One thousand nine hundred and thirty-six, from Australian-grown seed cotton, instead of in respect of the seed cotton from which the lint is produced.”.
Rates of bounty.
4. The Second Schedule to the Principal Act is amended—
(a) by omitting the word “September” (first occurring) and inserting in its stead the word “June”; and
(b) by omitting the second, third, fourth and fifth columns under the heading “Rates of Bounty per Pound”.
Overview
The Cotton Industries Bounty Act 1932, enacted by the Parliament of the Commonwealth of Australia, serves to amend the existing Cotton Industries Bounty Act 1930. This legislation was introduced to address the need for updated bounty limits and specifications within the cotton industry, ensuring that financial support is aligned with the economic conditions of the time. The policy objective of the Act is to provide a structured financial incentive framework for cotton growers and manufacturers in Australia, encouraging the growth and production of cotton by offering bounties contingent on specific conditions and timeframes. This Act refines the bounty eligibility criteria and adjusts the financial cap to better support the industry during a period of economic challenges.
Scope and Application
The Cotton Industries Bounty Act 1932 amends the Cotton Industries Bounty Act 1930 to adjust the financial parameters and specific conditions of the bounty system for the cotton industry in Australia. This Act applies to Australian-grown seed cotton and cotton yarn, as well as lint produced from such cotton, provided it is delivered to an appointed place and graded according to the Act's specifications by certain deadlines. The bounty is payable to those who meet these criteria, subject to the approval of the Minister in certain cases. The Act applies nationally across Australia and sets a financial cap of one hundred and fifty thousand pounds for the bounty to be paid in the financial year beginning 1 July 1932 and each subsequent year during which bounty is payable. The Act’s scope is extended through subordinate instruments which may further define the specifics of bounty payment, including rates and conditions under which lint may be substituted for seed cotton. There are no stated exclusions, exemptions, or specific thresholds within the primary text of this Act.
Key Provisions
The Cotton Industries Bounty Act 1932 amends the Cotton Industries Bounty Act 1930 by modifying the limit of the bounty amount and specifying the conditions under which bounties are payable. Section 2 of the Act establishes that the total bounty amount for any financial year beginning on July 1, 1932, and each subsequent financial year cannot exceed £150,000 (Section 2). This amendment imposes a financial cap on the bounty payments, ensuring that the total payout does not surpass this amount annually.
Under the new provisions in Section 3, bounties are now payable for seed cotton that has been grown in Australia, delivered to a designated location, and graded within a specified timeframe (Section 3(1)(a)). Additionally, bounties are payable for cotton yarn manufactured in Australia and delivered from a factory by a certain date (Section 3(1)(b)). The Act also allows, with ministerial approval, for bounties to be paid for lint produced from Australian-grown seed cotton instead of the seed cotton itself, provided it meets the specified production and delivery deadlines (Section 3(1), proviso).
The obligations imposed by the Act require entities to ensure that their seed cotton and cotton yarn meet the stipulated criteria for bounty eligibility. This includes growing the cotton in Australia, delivering it to the appropriate place, and adhering to the grading and delivery deadlines. Any deviation from these requirements may render the entities ineligible for the bounty. The Act also places the responsibility on the Minister to approve any bounties related to lint produced from seed cotton.
Failure to comply with the provisions of the Cotton Industries Bounty Act 1932 may result in legal consequences. While the Act does not explicitly state the penalties for breaches, under general legislative principles, non-compliance could lead to the withholding of bounty payments, administrative actions, or potential legal proceedings. The precise penalties or consequences would be determined based on the specific nature of the breach and the applicable laws governing such infractions.