Commonwealth Numbered Acts

AUSTRALIAN LAND TRANSPORT (FINANCIAL ASSISTANCE) AMENDMENT ACT 1986 No. 162 of 1986 - SECT 5

5. (1) Where, by virtue of sections 14A and 15 of the Principal Act as amended
by this Act, the Principal Act as so amended is deemed to have had effect as
if another rate (in this sub-section referred to as the
''substituted rate'') were substituted for a rate on a particular day after 1
July 1986 and before the commencement of this section, the Minister shall, as
soon as practicable after the commencement of this section, publish a notice
in the Gazette specifying the substituted rate.

(2) There shall be paid out of the Fund, to the Consolidated Revenue Fund, an
amount equal to the sum of-

   (a)  the difference between-

        (i)    the sum of the amounts paid into the Fund under sub-section 12
               (1) of the Principal Act during the period commencing on 1 July
               1986 and ending immediately before the commencement of this
               Act; and

        (ii)   the sum of the amounts that would have been paid into the Fund
               under sub-section 12 (1) of the Principal Act during that
               period if the rate specified in the notice published under
               section 14 of the Principal Act on 30 July 1986 had been 3.61
               cents per litre; and

   (b)  an amount that the Minister, by notice published in the Gazette,
        declares to represent income derived from the investment of money
        representing the difference referred to in paragraph (a).