Commonwealth Numbered Acts

Bounty (Steel Mill Products) Act 1983 No. 125 of 1983 - SECT 9

9. (1) The bounty payable in respect of a bountiable product is an amount
equal to the relevant percentage of the sales value of the prescribed plate
and prescribed strip used in the production of the bountiable product.

(2) For the purposes of this section, the relevant percentage in relation to a
bountiable product is such percentage as, having regard to the notional annual
industry hot-rolled feed usage tonnage applicable to the bountiable product
for the quarter during which the last prescribed step in the production of the
bountiable product was completed, is applicable in accordance with-

   (a)  if the bountiable product is bountiable plate-Schedule 1;

   (b)  if the bountiable product is bountiable sheet-Schedule 2; and

   (c)  if the bountiable product is bountiable tube-Schedule 3.

(3) A reference in this Act to the notional annual industry hot-rolled feed
usage tonnage applicable to a bountiable product for a quarter is a reference
to the tonnage ascertained by-

   (a)  in relation to bountiable plate-multiplying the total tonnage of
        prescribed plate and prescribed strip used in the production of
        bountiable plate during the quarter, being the total tonnage of
        prescribed plate and prescribed strip so used as determined by the
        Comptroller-General by instrument in writing, by 4;

   (b)  in relation to bountiable sheet-multiplying the total tonnage of
        prescribed plate and prescribed strip used in the production of
        bountiable sheet during the quarter, being the total tonnage of
        prescribed plate and prescribed strip so used as determined by the
        Comptroller-General by instrument in writing, by 4; and

   (c)  in relation to bountiable tube-multiplying the total tonnage of
        prescribed plate and prescribed strip used in the production of
        bountiable tube during the quarter, being the total tonnage of
        prescribed plate and prescribed strip so used as determined by the
        Comptroller-General by instrument in writing, by 4.

(4) Bounty is not payable in respect of bountiable plate if the last
prescribed step in the production of the bountiable plate was completed during
a quarter for which the notional annual industry hot-rolled feed usage tonnage
applicable to bountiable plate is greater than 8,800 tonnes.

(5) Bounty is not payable in respect of bountiable sheet if the last
prescribed step in the production of the bountiable sheet was completed during
a quarter for which the notional annual industry hot-rolled feed usage tonnage
applicable to bountiable sheet is greater than 900,000 tonnes.

(6) Bounty is not payable in respect of bountiable tube if the last prescribed
step in the production of the bountiable tube was completed during a quarter
for which the notional annual industry hot-rolled feed usage tonnage
applicable to bountiable tube is greater than 500,000 tonnes.

(7) The regulations may prescribe a factor in relation to a number specified
in column 1 or 2 of a Schedule and, where a factor is so prescribed, then, for
the purpose of calculating the bounty payable in respect of
bountiable products in relation to which that Schedule is applicable and in
respect of which bounty becomes payable during a quarter in relation to which
the regulations prescribing the factor are applicable, the number in relation
to which the factor is so prescribed shall be multiplied by the factor.

(8) Where regulations made by virtue of sub-section (7) prescribed a factor in
relation to the number 8,800 specified in column 1 of Schedule 1, sub-section
(4) has effect as if the reference in that sub-section to 8,800 were a
reference to the number ascertained by multiplying 8,800 by the factor.

(9) Where regulations made by virtue of sub-section (7) prescribe a factor in
relation to the number 900,000 specified in column 1 of Schedule 2,
sub-section (5) has effect as if the reference in that sub-section to 900,000
were a reference to the number ascertained by multiplying 900,000 by the
factor.

(10) Where regulations made by virtue of sub-section (7) prescribe a factor in
relation to the number 500,000 specified in column 1 of Schedule 3,
sub-section (6) has effect as if the reference in that sub-section to 500,000
were a reference to the number ascertained by multiplying 500,000 by the
factor.