STATUTORY RULES
1968 No.
___________
REGULATIONS UNDER THE CUSTOMS ACT 1901-1967 AND THE COMMERCE (TRADE DESCRIPTIONS) ACT 1905-1966.*
I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Customs Act 1901-1967 and the Commerce (Trade Descriptions) Act 1905-1966.
Dated this twenty-sixth day of April, 1968.
CASEY
Governor-General.
By His Excellency’s Command,
(Sgd.) J. D. ANTHONY
Minister of State for Primary Industry and for and on behalf of the Minister of State for Customs and Excise
_________
Amendments of the Exports (Canned and Frozen Fruits) Regulations†
Second Schedule.
1. Part II. of the Second Schedule to the Exports (Canned and Frozen Fruits) Regulations is amended—
(a) by omitting item 21; and
(b) by omitting from item 22 the word “vegetables” and inserting in its stead the word “fruit”.
Amendments in relation to decimal currency.
2. The Exports (Canned and Frozen Fruits) Regulations are amended as set out in the Schedule to these Regulations.
____________
THE SCHEDULE Regulation 2.
AMENDMENTS IN RELATION TO DECIMAL CURRENCY
Provisions amended | Omit— | Insert— |
Regulation 12................ | Fifty pounds | One hundred dollars |
Regulation 14 (1)............ | Fifty pounds | One hundred dollars |
Regulation 17 (2)............ | Fifty pounds | One hundred dollars |
Regulation 22................. | Twenty-five pounds | Fifty dollars |
Regulation 26 (a)............. | One shilling | Ten cents |
Regulation 26 (b)............. | Ten shillings and sixpence | One dollars five cents |
* Notified in the Commonwealth Gazette on 1968.
† Statutory Rules 1954, No. 101, as amended by Statutory Rules 1955, Nos. 20 and 50; 1956, Nos. 10, 42 and 125; 1957, No. 33; 1960, Nos. 2 and 3; 1963, No. 136; 1964, No. 54; and 1966, No. 45.
By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra
12672/68—Price 5c 9/15.3.1968
Overview
The Statutory Rules 1968 No. ___, made under the Customs Act 1901-1967 and the Commerce (Trade Descriptions) Act 1905-1966, was enacted to update the Exports (Canned and Frozen Fruits) Regulations in light of the transition to decimal currency. These regulations were introduced to address discrepancies in currency measurements that arose from the change to decimal currency in Australia. The enacting body was the Federal Executive Council, acting on behalf of the Governor-General, with the objective of ensuring the smooth operation of trade and customs regulations in alignment with the new currency system. The regulations included amendments to specific monetary provisions within the Exports (Canned and Frozen Fruits) Regulations to reflect the new decimal currency values, ensuring consistency and clarity in trade descriptions and export requirements.
Scope and Application
The Statutory Rules 1968 No. ___ made under the Customs Act 1901-1967 and the Commerce (Trade Descriptions) Act 1905-1966 concern amendments to the Exports (Canned and Frozen Fruits) Regulations, primarily to update monetary values in response to the decimal currency changes in Australia. These Regulations apply to entities and individuals involved in the export of canned and frozen fruits, ensuring compliance with the updated financial thresholds and requirements as part of international trade. The amendments affect various regulations within the Second Schedule, specifically altering monetary values from pounds and shillings to dollars and cents. This legislative instrument is of Commonwealth reach, binding entities and individuals across Australia in their dealings with customs and international trade. The Regulations do not specify exclusions or exemptions, but they are subject to further amendments through subordinate instruments, allowing for ongoing adjustments in alignment with trade practices and economic changes.
Key Provisions
The main operative sections of this statutory instrument are found in the Schedule, where it amends the Exports (Canned and Frozen Fruits) Regulations. Specifically, Regulation 2 details amendments related to decimal currency. This means that any references to pounds, shillings, and pence in the original regulations have been converted to their decimal currency equivalents. For example, Regulation 12 replaces "Fifty pounds" with "One hundred dollars", and Regulation 26 replaces "One shilling" with "Ten cents" and "Ten shillings and sixpence" with "One dollars five cents".
These amendments impose obligations on parties governed by the Exports (Canned and Frozen Fruits) Regulations, particularly those involved in the export of canned and frozen fruits. The regulations now require that all financial references and obligations be understood and complied with in the context of decimal currency, thus ensuring clarity and consistency in trade practices. Parties must update their records, contracts, and compliance materials to reflect these new monetary values to avoid any discrepancies or non-compliance issues.
Breaches of these regulations, or failure to update records and practices accordingly, can result in legal consequences. Although the specific penalties are not detailed in this statutory instrument, breaches of regulations under the Customs Act 1901-1967 and the Commerce (Trade Descriptions) Act 1905-1966 can typically lead to civil and criminal penalties. Civil penalties may include fines, while criminal penalties can involve imprisonment, depending on the severity and intent of the breach. It is important for affected parties to ensure full compliance to avoid these potential consequences.