PROCESSED MILK PRODUCTS BOUNTY.
No. 16 of 1963.
An Act to amend the Processed Milk Products Bounty Act 1962.
[Assented to 28th May, 1963.]
[Date of commencement, 25th June, 1963.]
BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, for the purpose of appropriating the grant originated in the House of Representatives, as follows:—
Short title and citation.
1.—(1.) This Act may be cited as the Processed Milk Products Bounty Act 1963.
(2.) The Processed Milk Products Bounty Act 1962 is in this Act referred to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may be cited as the Processed Milk Products Bounty Act 1962-1963.
Definitions.
2. Section three of the Principal Act is amended by omitting from the definition of “the prescribed period” the words “sixty-three” and inserting in their stead the words “sixty-four”.
Limit of bounty.
3. Section six of the Principal Act is amended—
(a) by omitting sub-section (1.) and inserting in its stead the following sub-section:—
“(1.) The amount available for payment of the bounty is—
(a) in respect of processed milk products exported before the first day of July, One thousand nine hundred and sixty-three—Three hundred and fifty thousand pounds; or
(b) in respect of processed milk products exported on or after the first day of July, One thousand nine hundred and sixty-three and not later than the thirtieth day of June, One thousand nine hundred and sixty-four—Five hundred thousand pounds.”;
(b) by inserting in sub-section (2.), after the word “bounty” (first occurring), the words “in respect of processed milk products exported during a period”; and
(c) by inserting in sub-section (3.), after the word “bounty” (first occurring), the words “in respect of processed milk products exported during a period”.
Overview
The Processed Milk Products Bounty Act 1963, enacted on 28 May 1963 and commencing on 25 June 1963, is an amendment to the Processed Milk Products Bounty Act 1962. This legislation was introduced by the Commonwealth Parliament to adjust the bounty limits for processed milk products exported from Australia. The Act modifies the definition of the prescribed period and alters the bounty amounts available for processed milk products exported before and on or after 1 July 1963. The policy objective, while not explicitly stated in the text, appears to be the facilitation of the export of processed milk products by adjusting the financial incentives accordingly.
The Act makes specific amendments to the Principal Act, including changing the prescribed period and adjusting the bounty limits. The alterations to the bounty amounts reflect a policy decision to support and encourage the export market for processed milk products during the specified fiscal year, ensuring that the financial incentives align with the economic and trade strategies of the time.
Scope and Application
The Processed Milk Products Bounty Act 1963 is an amendment to the Processed Milk Products Bounty Act 1962, enacted to adjust the bounty provisions for processed milk products exported from Australia. This Act applies to the bounty payments made for processed milk products exported from Australia, specifying the financial limits and periods for which these bounties are applicable. The legislation specifically addresses the amount available for bounty payments for processed milk products exported before and after a particular date, thereby affecting entities involved in the export of these products. The Act applies on a national level within Australia, influencing both the Commonwealth and state jurisdictions where these exports occur. The scope of the Act is limited to the financial aspects of bounty payments for processed milk products and does not extend to other types of exports or industries. The Act allows for the modification of its provisions through subordinate instruments, which may further define or restrict its application in specific contexts.
Key Provisions
The Processed Milk Products Bounty Act 1963 amends the Processed Milk Products Bounty Act 1962, introducing specific changes primarily around the definition of the prescribed period, the limit of the bounty, and the period for which the bounty can be claimed. The Act specifies that the prescribed period is now sixty-four days, amending the previous definition (Section 2). It further revises the bounty limits, setting aside specific amounts for different export periods: £350,000 for processed milk products exported before 1 July 1963, and £500,000 for those exported between 1 July 1963 and 30 June 1964 (Section 3(a)). Additionally, it clarifies the context in which the bounty is payable by inserting specific phrases in subsections (2) and (3) of Section 3.
Entities and parties governed by the Act are required to adhere to the new definitions and limits set forth in the legislation. This includes ensuring that any claims for bounty are made within the newly defined prescribed period of sixty-four days and that the bounty amounts are correctly allocated based on the specified export periods. These requirements are intended to ensure that the bounty is fairly and accurately distributed according to the Act's provisions.
Failure to comply with the provisions of the Act may result in various consequences. Although the Act does not explicitly state the penalties for non-compliance, it is reasonable to infer that breaches of the bounty provisions could lead to financial penalties or legal action. Given the specific nature of the bounty amounts and periods, non-compliance could potentially result in the misappropriation of funds or improper allocation of the bounty, which might be subject to corrective measures under relevant laws. The exact penalties would be determined based on the severity of the breach and could include financial restitution or other legal sanctions.