Commonwealth Numbered Acts

BOUNTY AND SUBSIDY LEGISLATION AMENDMENT ACT (No. 2) 1986 No. 119 of 1986 - SECT 8

8. Section 7 of the Principal Act is amended -

   (a)  by omitting from paragraph (1) (e) "and"; and

   (b)  by omitting paragraph (1) (f) and substituting the following
        paragraphs;

"(f) where construction is commenced during the period commencing on 1 July
1986 and ending on 31 December 1987 - 20% of the cost of that construction;
and

   (g)  where construction is commenced during the period commencing on 1
        January 1988 and ending on 30 June 1989 -

        (i)    in the case of a prescribed bountiable vessel - 20% of the cost
               of that construction; or

        (ii)   in the case of a bountiable vessel other than a prescribed
               bountiable vessel - 15% of the cost of that construction.".