Commonwealth Numbered Acts

BOUNTY (DRILLING BITS) ACT 1980 No. 33 of 1980 - SECT 3

3. (1) In this Act, unless the contrary intention appears- "authorized person"
means a person who is an authorized person for the purposes of this Act by
virtue of an appointment under section 15;

"bountiable drilling bit" means a rock-drilling bit of the kind known as a
button bit, being a bit-

   (a)  that is designed to be used with a drill of the kind known as a
        down-hole percussion rock-drill;

   (b)  the cutting edges of which are formed wholly or partly of cemented
        carbides; and

   (c)  the diameter of which exceeds 105 millimetres;



"bounty" means bounty under this Act;



"bounty period" means a bounty period referred to in section 4;



"Collector" means a Collector of Customs for a State or Territory;



"Comptroller-General" means the Comptroller-General of Customs;



"diameter", in relation to a rock-drilling bit, means the diameter of the bit
measured over its cutting edges;



"registered premises" means premises registered by the Minister under
section 13.

(2) Where the sale referred to in paragraph 7 (3) (b) of a bountiable
drilling bit in respect of which bounty becomes payable took place during a
bounty period that is later than the bounty period during which the
manufacture of the drilling bit was completed, the bounty shall, for the
purposes of this Act, be deemed to have become payable in respect of that
drilling bit during that later bounty period.