Processed Milk Products Bounty
No. 47 of 1965
An Act to amend the Processed Milk Products Bounty Act 1962-1964.
[Assented to 3 June, 1965]
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 Processed Milk Products Bounty Act 1965.
(2.) The Processed Milk Products Bounty Act 1962-1964 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 1962-1965.
Commencement.
2. This Act shall come into operation on the first day of July, One thousand nine hundred and sixty-five.
Definitions.
3. Section 3 of the Principal Act is amended by omitting the definition of “the prescribed period” and inserting in its stead the following definition:—
“‘year to which this Act applies’ means the year commencing on the first day of July, One thousand nine hundred and sixty-five, or the next succeeding year.”.
Specification of bounty.
4. Section 4 of the Principal Act is amended by omitting from sub-section (2.) the words “the prescribed period” and inserting in their stead the words “a year to which this Act applies”.
Rate of bounty.
5. Section 5 of the Principal Act is amended—
(a) by inserting after the word “product”(first occurring) the words “exported during a year to which this Act applies”; and
(b) by omitting the words “the prescribed period” and inserting in their stead the words “that year”.
Limit of bounty.
6. Section 6 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 in respect of processed milk products exported during a year to which this Act applies is Four hundred thousand pounds.”;
(b) by omitting from sub-section (2.) the words “a period referred to in the last preceding sub-section” and inserting in their stead the words “a year to which this Act applies”; and
(c) by omitting from sub-section (3.) the words “a period referred to in sub-section (1.) of this section” and inserting in their stead the words “a year to which this Act applies”.
Interim rates of bounty.
7. Section 7 of the Principal Act is amended—
(a) by omitting from sub-section (1.) the words “a period referred to in sub-section (1.) of the last preceding section” and inserting in their stead the words “a year to which this Act applies”; and
(b) by omitting from paragraphs (a), (b) and (c) of sub-section (1.) the word “period” and inserting in its stead the word “year”.
Saving.
8. The provisions of the Principal Act continue to apply to and in relation to processed milk products exported during the period that is the prescribed period for the purposes of that Act and to and in relation to bounty payable on the export of those processed milk products.
Overview
The Processed Milk Products Bounty Act 1965, enacted by the Parliament of Australia on 3 June 1965, serves as an amendment to the Processed Milk Products Bounty Act 1962-1964. This Act updates the definition of the term "year to which this Act applies" and adjusts the bounty specifications, rate, and limit for processed milk products exported during the fiscal year beginning 1 July 1965. The objective of this Act is to ensure the continuation and modification of the bounty scheme for processed milk products, providing clarity and consistency in the application of the financial incentives for exporters in the specified year.
The Processed Milk Products Bounty Act 1965 aims to address any ambiguity or gaps that may have arisen in the application of the original Act. By setting the bounty parameters explicitly for the year starting 1 July 1965, the Act ensures that the bounty scheme remains effective and relevant for the intended fiscal period. This legislative amendment reflects the commitment to supporting the dairy industry and maintaining the economic viability of processed milk product exports.
Scope and Application
The Processed Milk Products Bounty Act 1965 applies to the bounty payable on processed milk products exported during a specific year, namely the year commencing on the first day of July, 1965, or the next succeeding year. This Act amends the Processed Milk Products Bounty Act 1962-1964, referred to as the Principal Act, which continues to apply to processed milk products exported during the period defined as the prescribed period for the purposes of the Principal Act. The Act regulates the bounty provided for processed milk products exported during the designated year, setting forth the specifications, rates, and limits of the bounty, while the Principal Act governs the bounty for products exported during the prescribed period. The geographic or jurisdictional reach of this Act is the Commonwealth of Australia. The Act does not specify any exclusions, exemptions, or thresholds; however, it may be subject to further regulation or modification through subordinate instruments.
Key Provisions
The Processed Milk Products Bounty Act 1965 amends the Processed Milk Products Bounty Act 1962-1964 by adjusting the parameters for bounty payments on processed milk products exported during specific years. The operative sections of the Act (sections 4, 5, 6, and 7) modify the definitions and specifications related to the bounty for these products. For instance, section 4 changes the term "prescribed period" to "a year to which this Act applies," clarifying that the bounty pertains to products exported in the fiscal year commencing 1 July 1965, or the next succeeding year. Section 5 specifies that the bounty is contingent on the product being exported during such a year, while section 6 sets the bounty limit for the year to £400,000. Section 7 further adjusts the interim rates of bounty to align with these yearly specifications.
The Act imposes specific obligations and requirements on entities involved in the export of processed milk products. These entities must ensure that the products are exported during the designated years to be eligible for the bounty. The definition of "year to which this Act applies" must be adhered to when claiming the bounty. Furthermore, entities must provide accurate and timely information to the relevant authorities to facilitate the processing of bounty payments. Compliance with the new fiscal year parameters set forth in the Act is mandatory for all parties seeking to benefit from the bounty.
Violations of the provisions set forth in the Act may result in civil or criminal penalties. Although the Act does not explicitly state the maximum penalties, breaches of bounty regulations or failure to comply with the requirements could lead to legal repercussions. The exact nature and severity of these penalties would be determined by the courts based on the specific circumstances of the breach. It is essential for entities involved in the export of processed milk products to fully understand and comply with the Act to avoid any potential legal consequences.