Statutory Rules 1951, No. 144.(c)
Prescribed date.
1. Regulation 3 of the Wool Products Bounty Regulations is amended by omitting the words “thirty-first day of December, 1951” and inserting in their stead the words “thirtieth day of April, 1952”.
Repayment of advances.
2. Regulation 7 of the Wool Products Bounty Regulations is amended by omitting from sub-regulation (2.) the words “thirty-first day of December, 1951,” and inserting in their stead the words “thirtieth day of April, 1952,”.
(c) Made under the Wool Products Bounty Act 1950 on 13th November, 1951; notified in Gazette on 13th November, 1951.
Broadcasting. See WIRELESS.
Canned Fruit. See PRIMARY PRODUCERS’ ASSISTANCE and TRADE AND COMMERCE.
Canteens. See DEFENCE (GENERAL).
Capital Issues. See DEFENCE (GENERAL) and DEFENCE (TRANSITIONAL PROVISIONS).
Citizenship. See ALIENS.
Coal Excise. See EXCISE.
Commerce (Imports). See TRADE AND COMMERCE.
Commonwealth Bank. See BANKING.
Commonwealth Employees’ Compensation. See PUBLIC SERVICE.
Commonwealth Public Service. See PUBLIC SERVICE.
Commonwealth Scholarships. See EDUCATION.
Conciliation and Arbitration. See ARBITRATION.
Overview
The Statutory Rules 1951, No. 144, enacted on 13th November 1951 and notified in the Gazette on the same day, amends the Wool Products Bounty Regulations under the authority of the Wool Products Bounty Act 1950. This legislative instrument addresses a specific issue by altering the prescribed dates in the regulations, extending the deadline for the repayment of advances and the bounty eligibility period from 31st December 1951 to 30th April 1952. The purpose of these amendments is to provide additional time for the relevant stakeholders to comply with the financial obligations and bounty claims associated with wool products, thereby ensuring a smoother operational flow and compliance within the sector. The amendments reflect a practical response to operational needs identified within the legislative framework established by the Wool Products Bounty Act 1950.
Scope and Application
The Statutory Rules 1951, No. 144, made under the Wool Products Bounty Act 1950, pertain specifically to amendments of the Wool Products Bounty Regulations, impacting the dates for prescribed bounty payments and repayment of advances. These amendments affect the wool industry and those who are involved in the production and processing of wool products, particularly those who have received or are entitled to receive bounties under the Act. The geographic reach of the legislation is confined to the Commonwealth of Australia, and it applies to transactions involving wool products within this jurisdiction. The Act does not explicitly state exclusions, exemptions, or thresholds, but it is reasonable to infer that only entities engaged in the wool industry and directly involved with bounty payments would be subject to these amendments. Additionally, the scope of the Act may be extended or clarified through subordinate instruments, which would provide further details and operational guidelines for the amended regulations.
Key Provisions
The Statutory Rules 1951, No. 144, made under the Wool Products Bounty Act 1950, includes amendments to the Wool Products Bounty Regulations. Firstly, Regulation 3 is altered to change the prescribed date from 31st December 1951 to 30th April 1952 (Regulation 1(c)). Secondly, Regulation 7 is amended to adjust the repayment of advances deadline from 31st December 1951 to 30th April 1952 (Regulation 2(c)). These amendments ensure that certain dates within the Wool Products Bounty Regulations are updated to reflect a new deadline.
The obligations and requirements imposed by this legislation are primarily concerned with the administration and management of the Wool Products Bounty. The amendments to Regulation 3 and Regulation 7 ensure that all relevant parties are aware of the new deadlines for compliance. This includes ensuring that any bounty payments made under the Act are repaid by the specified date, which is now 30th April 1952, rather than 31st December 1951. These changes are necessary to maintain the integrity and efficiency of the bounty system.
Failure to comply with the amended deadlines outlined in the Statutory Rules 1951, No. 144, could result in civil or criminal consequences. Although specific penalties are not mentioned in the legislation, non-compliance with the repayment of advances could potentially lead to fines or other administrative actions under the Wool Products Bounty Act 1950. It is important for all parties involved to adhere to these deadlines to avoid any potential legal repercussions.