Commonwealth Numbered Acts

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BOUNTY (DRILLING BITS) ACT 1980 No. 33 of 1980 - SECT 4

Bounty periods
4. (1) Subject to sub-section (3), the period of 12 months commencing on 1
October 1979 and ending on 30 September 1980 and each subsequent period of 12
months are bounty periods.

(2) The Minister may, by notice published in the Gazette, fix a date, not
being a date earlier than the publication of the notice, as the date after
which bounty is not to become payable under this Act.

(3) Where a date is fixed under sub-section (2)-

   (a)  no period referred to in sub-section (1) commencing after that date is
        a bounty period; and

   (b)  if the date so fixed is not 30 September in any year-any period
        referred to in sub-section (1) in which the date so fixed occurs is
        not a bounty period but the period commencing on the date of
        commencement of that period and ending on the date so fixed is a
        bounty period. 

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