Urea Bounty
No. 64 of 1970
An Act relating to the Bounty on Urea.
[Assented to 14 October 1970]
[Date of commencement, 11 November 1970]
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 Urea Bounty Act 1970.
(2.) The Urea Bounty Act 1966-1969 is in this Act referred to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may be cited as the Urea Bounty Act 1966-1970.
Definitions.
2. Section 3 of the Principal Act is amended—
(a) by omitting from paragraph (b) of the definition of “period to which this Act applies” the word “or”; and
(b) by adding at the end of that definition the following word and paragraph:—
“or (d) the period that commenced on the first day of January, One thousand nine hundred and seventy, and ended on the thirtieth day of June, One thousand nine hundred and seventy;”.
Extension of period in respect of which bounty is payable.
3. Section 3a of the Principal Act is amended by omitting sub-section (1.) and inserting in its stead the following sub-section:—
“(1.) The Governor-General may, by Proclamation, declare that a period commencing on the first day of July, One thousand nine hundred and seventy, and ending on such date as is specified in the Proclamation (being a date not later than the thirty-first day of December, One thousand nine hundred and seventy) is a period to which this Act applies.”.
Limit of available bounty.
4. Section 7 of the Principal Act is amended—
(a) by omitting from paragraph (c) of sub-section (1.) the word “and” (last occurring); and
(b) by inserting after that paragraph the following paragraph:—
“(ca) in respect of urea sold during the period to which this Act applies that commenced on the first day of January, One thousand nine hundred and seventy—is Two hundred and fifty thousand dollars; and”.
Overview
The Urea Bounty Act 1970 was enacted to amend the existing Urea Bounty Act 1966-1969, addressing the need to extend the period for which a bounty on urea was payable and to set a limit on the available bounty for urea sold during a specific period. Enacted by the Queen's Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, the Act provides for the continuation and modification of the bounty scheme for urea, ensuring that the agricultural sector has continued access to financial support for the purchase of urea. The primary policy objective of this Act is to support the agricultural industry by providing financial incentives for the purchase of urea, thereby aiding in the efficient operation and productivity of farms.
Scope and Application
The Urea Bounty Act 1970 applies to the bounty on urea, providing a legislative framework that extends from the Urea Bounty Act 1966-1969 to cover a specific period from 1 January 1970 to 30 June 1970, as amended by this Act. This legislation pertains to the financial incentives provided to individuals or entities involved in the production, sale, or distribution of urea within Australia. The Act allows for the Governor-General to declare an extended period for bounty eligibility through a proclamation, thus extending the bounty period from 1 July 1970 to a date not later than 31 December 1970. The Act also imposes a financial limit on the available bounty, setting a cap of Two hundred and fifty thousand dollars for urea sold during the specified period. This legislation does not explicitly state any exclusions or exemptions, nor does it mention the use of subordinate instruments to extend or restrict its application.
Key Provisions
The Urea Bounty Act 1970, as amended, introduces several key provisions regarding the payment of a bounty on urea, expanding upon the earlier Urea Bounty Act 1966-1969. Section 1 of the Act establishes its citation, referring to it as the Urea Bounty Act 1970, while also mentioning the previous act as the Urea Bounty Act 1966-1969. Section 2 modifies the definition of "period to which this Act applies" to include a new period from 1 January 1970 to 30 June 1970. This amendment ensures that the bounty can be claimed for urea transactions within this newly specified timeframe.
The Act imposes certain obligations on the parties involved in the urea trade. Under Section 3, the Governor-General is granted the authority to declare, by proclamation, a specific period starting from 1 July 1970 and ending on a date not later than 31 December 1970, as a period to which the Act applies. This allows for flexibility in determining the exact duration for which the bounty will be payable. Additionally, Section 4 modifies the limit of the available bounty, setting a new limit of $250,000 for urea sold during the period starting on 1 January 1970. This amendment ensures that the bounty payment is adjusted to account for the newly defined period.
For those involved in the urea trade, compliance with the Act is mandatory. Parties must ensure that their transactions fall within the periods declared under Section 3 and must apply for the bounty within the stipulated timeframes. Failure to adhere to these requirements may result in the forfeiture of the bounty. The Act's provisions require careful attention to the dates and periods specified to ensure proper eligibility and compliance.
In terms of penalties and consequences, the Act does not explicitly outline specific offences or penalties for non-compliance. However, it is implied that failure to adhere to the declared periods or to apply for the bounty within the specified timeframes could lead to the loss of entitlement to the bounty. Additionally, while the Act does not detail criminal or civil penalties, any fraudulent claims or deliberate non-compliance could potentially lead to legal repercussions under broader legislative frameworks governing fraud and misrepresentation.