IRON BOUNTY.
No. 45 of 1915.
An Act to amend the Iron Bounty Act 1914.
[Assented to 15th November, 1915.]
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 Iron Bounty Act 1915.
(2.) The Iron Bounty Act 1914 is in this Act referred to as the Principal Act.
(3.) The Principal Act as amended by this Act may be cited as the Iron Bounty Act 1914–1915.
Amendment of s. 4.
2. Section four of the Principal Act is amended by adding at the end thereof the following proviso:—
“Provided further that no bounty shall be paid on pig iron manufactured, after the commencement of the Iron Bounty Act 1915, for other than foundry purposes.”
Amendment of s. 6.
3. Section six of the Principal Act is amended by omitting the words “One thousand nine hundred and fifteen” and inserting in their stead the words “One thousand nine hundred and sixteen.”
Amendment of s. 14.
4. Section fourteen of the Principal Act is amended—
(a) by omitting the words “One thousand nine hundred and fifteen,” and inserting in their stead the words “One thousand nine hundred and sixteen”; and
(b) by omitting the words “One thousand nine hundred and sixteen” and inserting in their stead the words “One thousand nine hundred and seventeen”.
Amendment of the Schedule.
5. The Schedule to the Principal Act is amended—
(a) by omitting from the third column thereof the figures “£30,000”, and inserting in their stead the figures “£60,000”; and
(b) omitting from the fourth column the words “31st December, 1915”, and inserting in their stead the words “31st December, 1916”.
Overview
The Iron Bounty Act 1915 was enacted to amend the Iron Bounty Act 1914, addressing specific issues and gaps identified in the earlier legislation. This Act was passed by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia on 15th November, 1915. The primary objective of this Act was to refine and extend the conditions under which bounties on pig iron production could be claimed, particularly focusing on ensuring that the iron produced was intended for foundry purposes. The Iron Bounty Act 1915 introduced amendments to several sections of the Principal Act, including the addition of a proviso to section 4, which restricted bounty payments to pig iron manufactured for foundry purposes only. Additionally, it extended the timeline for certain provisions and increased the monetary bounty available for qualifying iron production.
Scope and Application
The Iron Bounty Act 1915 applies to the bounty on pig iron as defined and governed by the Iron Bounty Act 1914, which it amends. The Act applies to entities involved in the manufacturing of pig iron, particularly those who are eligible for the bounty payments. The primary focus is on foundry purposes, as clarified by the addition of a proviso to section four of the Principal Act, ensuring that the bounty is only paid for pig iron manufactured for such purposes after the commencement of the 1915 Act. The Act has a Commonwealth jurisdictional reach, as it is enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia. It extends its application through amendments to specific sections and the Schedule of the Principal Act, including changes to dates and financial figures, ensuring that the bounty is aligned with the updated timeframes and financial commitments set forth in the Act.
Key Provisions
The Iron Bounty Act 1915 amends the Iron Bounty Act 1914, introducing specific changes to the original legislation. The principal amendment is found in section 2, which adds a proviso to section four of the Principal Act. This proviso states that no bounty shall be paid on pig iron manufactured after the commencement of the Iron Bounty Act 1915, unless it is for foundry purposes (s. 4(2)). This ensures that any bounty payments are restricted to pig iron intended for specific industrial uses. Additionally, section 3 modifies section six of the Principal Act by changing the year from 1915 to 1916. Similarly, section 4 updates section fourteen of the Principal Act, changing the years from 1915 and 1916 to 1916 and 1917, respectively. These changes appear to extend the timeline for certain provisions of the Act. Finally, section 5 amends the schedule of the Principal Act, increasing the figures in the third column from £30,000 to £60,000 and extending the date in the fourth column from 31st December, 1915 to 31st December, 1916.
The Iron Bounty Act 1915 imposes several obligations and requirements on the parties it governs. The most significant requirement is that no bounty shall be paid on pig iron manufactured after the Act's commencement unless it is intended for foundry purposes (s. 4(2)). This provision necessitates that any party seeking a bounty must ensure their pig iron meets this criterion. Additionally, the amendments to sections 3 and 4, which update the year references, impose an obligation on stakeholders to adhere to the new timelines specified in the Act. The changes in the schedule (s. 5), particularly the increase in financial figures and the extension of the date, also require compliance by relevant parties.
The Act does not explicitly detail specific offences, penalties, or consequences for breach. However, given the nature of the amendments, non-compliance with the requirement that bounty payments be restricted to pig iron for foundry purposes could potentially lead to disputes or legal actions regarding the validity of bounty claims. Failure to adhere to the updated timelines and financial stipulations could similarly result in legal consequences, though the exact nature of these would depend on the terms of any agreements or contracts that reference the Act. It is also possible that breaches of these provisions could lead to administrative or financial penalties, although these are not detailed in the Act itself.