WIRE NETTING BOUNTY.
No. 39 of 1944.
An Act to amend the Wire Netting Bounty Act 1939-1940.
[Assented to 6th October, 1944.]
Preamble.
BE it enacted by the King’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 Wire Netting Bounty Act 1944.
(2.) The Wire Netting Bounty Act 1939-1940 is in this Act referred to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may be cited as the Wire Netting Bounty Act 1939-1944.
Commencement.
2. This Act shall come into operation on the twenty-fourth day of October One thousand nine hundred and forty-four.
Limit of annual bounty.
3. Section five of the Principal Act is amended by omitting sub-section (1.) and inserting in its stead the following sub-section:—
“(1.) The total amount of bounty paid under this Act in respect of wire netting produced during any one financial year, commencing with the financial year which commenced on the first day of July, One thousand nine hundred and forty-four, shall not exceed Five thousand pounds, and the total amount of bounty so paid in respect of wire netting produced during that part of the financial year succeeding the last complete financial year of the period during which this Act is in operation shall not exceed a sum which bears the same proportion to Five thousand pounds as that part bears to a complete financial year.”.
Specification of bounty.
4. Section seven of the Principal Act is amended by omitting the word “five” and inserting the word “eight”.
Separate accounts.
5. Section twelve of the Principal Act is amended by omitting from sub-section (2.) the words “half-year ending on the thirty-first day of December and each financial year ending on the thirtieth day of June respectively” and inserting in their stead the words “financial year”.
Overview
The Wire Netting Bounty Act 1944 was enacted by the Parliament of Australia to amend the Wire Netting Bounty Act 1939-1940. This legislation was introduced to address the need for adjustments in the bounty payments for wire netting production. The Act received assent on 6th October, 1944, and came into operation on 24th October, 1944. The primary objective of this amendment was to limit the annual bounty to five thousand pounds and adjust the proportion of bounty for the part of the financial year succeeding the last complete financial year during which the Act is in operation. Additionally, the Act increased the bounty specification from five to eight shillings per pound of wire netting and modified the accounting procedures to align with the financial year.
Scope and Application
The Wire Netting Bounty Act 1939-1944, as amended by the Wire Netting Bounty Act 1944, applies to the appropriation of a grant related to the payment of bounties for the production of wire netting within the Commonwealth of Australia. The Act is applicable to any entity or person engaged in the production of wire netting and is administered at the national level, impacting the wire netting industry across Australia. It specifies the limit of annual bounty, adjusts the specification of bounty, and mandates the use of separate accounts for the financial management of the bounty payments. The Act also provides for the limitation of the annual bounty to a specified amount and modifies the criteria for bounty payments, ensuring the funds are allocated within the defined parameters. The Act's provisions are intended to control the financial outlay on bounties for wire netting production, thereby providing a structured framework for the distribution of these financial incentives within the specified industry.
Key Provisions
The Wire Netting Bounty Act 1944 amends the Wire Netting Bounty Act 1939-1940 by modifying the annual bounty limit and the method of calculating that limit for a portion of the financial year. Section 3 of the Act adjusts the maximum annual bounty from a flat sum to a percentage of the annual limit for any partial financial year following the final complete year of the Act's operation. Instead of a fixed sum, the bounty now depends on the proportion of the financial year remaining after the Act ceases to be in force. Additionally, Section 4 specifies that the bounty per unit of wire netting is increased from five to eight pounds.
Under the amended Act, there are several obligations for the entities involved in the production and payment of the bounty for wire netting. Producers of wire netting must ensure that their production complies with the specifications set out in the Act, as any non-compliance could lead to disqualification from receiving the bounty. The Commonwealth is obligated to disburse the bounty to eligible producers within the financial year as per the amended limits and specifications, ensuring that the funds are used to incentivise production as intended by the Act.
Failure to adhere to the provisions of the Act can result in various consequences. For instance, producers who do not meet the specifications for the wire netting could be ineligible for the bounty, which could have financial implications for them. Additionally, if the Commonwealth does not properly manage the bounty payments according to the Act's requirements, it could face administrative or financial repercussions. The Act does not explicitly detail specific offences or penalties, but breaches of the Act could potentially lead to legal actions under general administrative law principles.
The Wire Netting Bounty Act 1944, while specific in its amendments, does not explicitly outline penalties for non-compliance beyond the potential ineligibility for bounty payments. However, any failure to comply with the Act's provisions could be subject to legal challenges or other administrative measures. The Act’s focus remains on adjusting the financial support for wire netting production during a period of economic and wartime necessity, ensuring that the bounty system remains viable and effective within the stipulated financial constraints.