Raw Cotton Bounty
No. 3 of 1965
An Act relating to the Bounty on the Production of certain Raw Cotton sold for use in Australia.
[Assented to 12 April, 1965]
[Date of commencement, 10 May, 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 Raw Cotton Bounty Act 1965.
(2.) The Raw Cotton Bounty Act 1963 is in this Act referred to as the Principal Act.
(3.) The principal Act, as amended by this Act, may be cited as the Raw Cotton Bounty Act 1963-1965.
Definitions.
2. Section 3 of the Principal Act is amended—
(a) by inserting after the definition of “grower” the following definition:—
“‘period to which this Act applies’ means—
(a) the year that commenced on the first day of January, One thousand nine hundred and sixty-four;
(b) the period commencing on the first day of January, One thousand nine hundred and sixty-five, and ending on the twenty-eighth day of February, One thousand nine hundred and sixty-six;
(c) the year commencing on the first day of March, One thousand nine hundred and sixty-six; or
(d) each of the two years next succeeding that year;”; and
(b) by omitting the definition of “year”.
Specification by bounty.
3. Section 4 of the Principal Act is amended by omitting paragraph (c) and inserting in its stead the following paragraph:—
“(c) in a period to which this Act applies, sold by the processor for use in Australia.”.
Rate of bounty.
4.—(1.) Section 7 of the Principal Act is amended by omitting from sub-section (2.) the word “year” and inserting in its stead the words “period to which this Act applies”.
(2.) The notice published in the Gazette on the fourth day of February, One thousand nine hundred and sixty-five, under section 7 of the Principal Act shall be read as though there were substituted for the words “year commencing on the first day of January, 1965, and ending on the thirty-first day of December, 1965” the words “period commencing on the first day of January, 1965, and ending on the twenty-eighth day of February, 1966”.
Limit of available bounty.
5. Section 8 of the Principal Act is amended by omitting from sub-section (1.) the words “year in which bounty is payable” and inserting in their stead the words “period to which this Act applies”.
Accounts, &c.
6. Section 13 of the Principal Act is amended by omitting from sub-section (2.) the words “year in which bounty is payable” and inserting in their stead the words “period to which this Act applies”.
Return for Parliament.
7. Section 20 of the Principal Act is amended by omitting from sub-section (1.) the words “year in which bounty is paid” and inserting in their stead the words “period to which this Act applies”.
Overview
The Raw Cotton Bounty Act 1965 was enacted to address the need for a bounty on the production of certain raw cotton sold for use in Australia during a specific period. The Act was assented to on 12 April 1965 and commenced on 10 May 1965. Enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, the Act amends the Raw Cotton Bounty Act 1963 to specify a new period for the bounty, redefine the period to which the bounty applies, and adjust the rate of bounty accordingly. The policy objective, as stated in the text, is to provide financial support to growers for the production of raw cotton during the specified period, thereby ensuring a stable supply of raw cotton for use in Australia.
Scope and Application
The Raw Cotton Bounty Act 1963-1965 applies to entities involved in the production, processing, and sale of raw cotton within Australia, specifically for the designated periods of 1 January 1964 to 28 February 1966 and the subsequent two years. This Act provides a bounty for cotton sold for use within Australia, effectively incentivising local production and use of raw cotton. The bounty is available to eligible cotton growers and processors who sell their produce for domestic use within the specified timeframes. The Act's application is confined to the Commonwealth of Australia, thereby excluding any cotton produced or sold outside Australian borders. The Act extends its provisions through amendments to the Raw Cotton Bounty Act 1963, modifying definitions, bounty specifications, and the calculation of bounty rates to align with the new time periods outlined in the Act. Any exclusions, exemptions, or thresholds are not explicitly mentioned within the text, but it is implied that they are contained within the amended sections of the Principal Act.
Key Provisions
The Raw Cotton Bounty Act 1965, as amended, introduces modifications to the Raw Cotton Bounty Act 1963, affecting the payment of bounty on raw cotton produced and sold for use in Australia. Section 1 of the Act provides the short title and citation, referencing the principal Act as amended by this Act. Section 2 amends the definition of the "period to which this Act applies" to specify particular time periods, replacing the previous definition of "year" which has been omitted.
Under Section 3, the Act specifies the bounty on raw cotton sold by the processor for use in Australia during the designated periods. Section 4 modifies the rate of bounty, aligning it with the new periods defined in the Act. This section also includes a specific notice published in the Gazette, which adjusts the time frame for bounty calculation from a calendar year to a period starting from January 1, 1965, to February 28, 1966.
Section 5 addresses the limit of available bounty, adapting the principal Act's provisions to the new periods outlined in the Act. Section 6 revises the accounting requirements, ensuring they correspond with the newly defined periods. Similarly, Section 7 updates the parliamentary return obligations to reflect the changes in bounty periods.
The obligations imposed by the Act include precise accounting and reporting of bounty payments during the specified periods, ensuring transparency and compliance with the legislative framework. Processors of raw cotton must adhere to the new definitions and periods outlined in the Act, ensuring they meet the criteria for bounty eligibility and reporting.
Breaches of the Act, such as misreporting or failure to comply with the specified bounty periods, may result in civil or criminal penalties. While the Act does not specify maximum penalties, breaches could lead to fines or other legal consequences, depending on the severity and intent of the violation. Compliance with the Act is critical to avoid these potential repercussions.