STATUTORY RULES.
1935. No. 31.
REGULATIONS UNDER THE RAW COTTON BOUNTY ACT 1934.*
I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Raw Cotton Bounty Act 1934.
Dated this twenty-eighth day of March, 1935.
(Sgd.) ISAAC A. ISAACS.
Governor-General.
By His Excellency’s Command,
Minister of State for Trade and Customs.
Amendment of the Raw Cotton Bounty Regulations.†
Regulation 3 of the Raw Cotton Bounty Regulations is amended by omitting from sub-regulation (2.) the word “one-half” and inserting in its stead the word “one-quarter”.
* Notified in the Commonwealth Gazette on , 1935.
† Statutory Rules 1935, No. 12.
By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.
1067.—8/21.3.1935.—Price 3d.
Overview
The Raw Cotton Bounty Act 1934 was enacted to address a specific economic problem related to the raw cotton industry, providing a bounty to encourage the production of raw cotton within Australia. This legislative instrument, Statutory Rules 1935, No. 31, was introduced by the Governor-General in Council to amend the Raw Cotton Bounty Regulations, which were initially established under the Act. The policy objective behind the Raw Cotton Bounty Act was to support the local raw cotton industry by offering financial incentives, thus ensuring a stable supply of raw cotton for domestic textile manufacturing. The amendment to the regulations, reducing the bounty rate from one-half to one-quarter, was intended to fine-tune the support mechanism and maintain its effectiveness in encouraging production.
Scope and Application
The Raw Cotton Bounty Act 1934 applies to the bounty payable on raw cotton produced in Australia, and the Regulations under this Act detail the specific procedures and conditions under which such bounty is granted. The Act pertains to entities involved in the production, handling, and export of raw cotton within the Commonwealth of Australia, including farmers, ginners, and exporters. The Regulations are designed to ensure that the bounty is applied correctly and fairly to those who qualify under the provisions of the Act. The Regulations also set out the geographic scope, which is limited to Australia, ensuring that only those involved in the Australian raw cotton industry are eligible for the bounty. The legislation does not specify any exclusions or exemptions but operates under the authority of the Commonwealth government, with the potential for further amendments and clarifications through subordinate instruments. These Regulations amend the bounty rate, illustrating how the Act's application can be adjusted over time through legislative instruments.
Key Provisions
The key operative sections of the Raw Cotton Bounty Regulations (C1935L00031) are found in Regulation 3, which pertains to the bounty payable for raw cotton. Specifically, sub-regulation (2) has been amended to change the bounty rate from one-half to one-quarter. This means that cotton growers will now receive a bounty of one-quarter the value of their raw cotton, rather than one-half as previously stipulated. This amendment effectively reduces the financial incentive for cotton growers under the Act.
These regulations impose certain obligations and requirements on the parties involved. Cotton growers must comply with the new bounty rate outlined in the amended Regulation 3, which now requires them to apply for a bounty of one-quarter the value of their raw cotton. The regulations also mandate that the bounty be claimed within the timeframes and through the processes set out by the relevant authorities. Additionally, the regulations may include specific conditions regarding the quality and type of cotton eligible for the bounty, which growers must adhere to in order to be eligible for the payment.
Failure to comply with the Raw Cotton Bounty Regulations may result in civil or criminal consequences. While the specific offences and penalties are not detailed in the provided excerpt, it is reasonable to infer that breaches of the bounty claim process or non-compliance with eligibility criteria could lead to penalties. These penalties could range from fines to more severe criminal charges, depending on the nature and severity of the breach. The maximum penalties for such breaches would typically be determined by the relevant state or territory legislation governing regulatory compliance and penalties for fraud or misrepresentation.
In summary, the Raw Cotton Bounty Regulations (C1935L00031) amend the bounty rate for raw cotton from one-half to one-quarter of its value. Cotton growers must comply with these new terms when claiming their bounty, and failure to do so may result in civil or criminal penalties. While the exact nature of these penalties is not specified, they could include fines or criminal charges for serious breaches.