Wool Industry Amendment Act 1977

Overview

The Wool Industry Amendment Act 1977 was introduced to address a specific issue within the existing legislative framework of the Wool Industry Act 1972. This Act was enacted by the Queen, with the assent of the Senate and House of Representatives of the Commonwealth of Australia. The primary purpose of the amendment was to adjust the termination date of a particular provision in the Wool Industry Act 1972, reflecting the need for a slight extension in the timeline for certain operational aspects of the wool industry. This adjustment was intended to ensure continued stability and support within the industry during a period of potential economic fluctuation.

Scope and Application

The Wool Industry Amendment Act 1977 applies to entities and persons involved in the wool industry, particularly those who are subject to the provisions of the Wool Industry Act 1972. Specifically, the Act amends section 28a of the Wool Industry Act 1972 by altering the "termination date" for certain provisions within the definition of "termination date" in subsection (18). This adjustment affects the date from 1 July 1977 to 1 July 1978, thereby extending the period for which certain measures or conditions apply. The geographic reach of this Act is national, as it pertains to the Commonwealth of Australia, impacting all persons and entities engaged in the wool industry across the country. There are no stated exclusions, exemptions, or thresholds specified in the Act itself, though the scope of its application might be further defined or restricted through subordinate instruments or regulations.

Key Provisions

The Wool Industry Amendment Act 1977 (Act) modifies the definition of "termination date" in section 28a of the Wool Industry Act 1972 (1972 Act). Specifically, section 3 of the Amendment Act omits the date "1 July 1977" from the definition in subsection (18)(a) of the 1972 Act and replaces it with "1 July 1978". This change affects the timeline under which certain provisions of the 1972 Act may terminate, extending it by one year. The Amendment Act imposes specific obligations on parties and entities governed by the 1972 Act. It requires that the modified definition of "termination date" be applied in accordance with the changes outlined in section 3, ensuring that the extended date of 1 July 1978 is used for any relevant calculations, notices, or actions related to the termination of certain provisions. This amendment ensures clarity and consistency in the application of the 1972 Act's provisions. Under the 1972 Act, there are potential consequences for non-compliance with its provisions, although specific offences, penalties, or consequences are not detailed in the Amendment Act. The 1972 Act itself outlines various offences and associated penalties, which could include fines or imprisonment depending on the severity and nature of the breach. The exact penalties would be determined in accordance with the general provisions of the 1972 Act and any relevant sentencing guidelines or statutes. It is important for parties and entities to adhere to the requirements of both the 1972 Act and the Amendment Act to avoid any potential legal repercussions.