Commonwealth Numbered Acts

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BOUNTY (DRILLING BITS) ACT 1980 No. 33 of 1980 - SECT 8

Rate of bounty
8. The amount of bounty payable in respect of a bountiable drilling bit is-

   (a)  where the diameter of the bit is less than 127 millimetres-$40;

   (b)  where the diameter of the bit is not less than 127 millimetres but is
        less than 152 millimetres-$75;

   (c)  where the diameter of the bit is not less than 152 millimetres but is
        less than 177 millimetres-$90;

   (d)  where the diameter of the bit is not less than 177 millimetres but is
        less than 203 millimetres-$125; and

   (e)  where the diameter of the bit is not less than 203 millimetres-$160. 


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