Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

Bass Strait Freight Adjustment Trust Fund Act 1984 No. 24 of 1984 - SECT 6

Application of Freight Adjustment Fund

6. (1) The amount standing to the credit of the Freight Adjustment Fund on the
last day of each month that ends after the commencement of this Act shall be
paid out of that Fund in accordance with sub-section (2).

(2) The amount payable out of the Freight Adjustment Fund under sub-section
(1) at the end of a month (in this sub-section referred to as the ''relevant
month'') shall be divided in accordance with this Act among-

   (a)  producers who, during the month immediately preceding the relevant
        month, exported prescribed oil;

   (b)  producers who, during the month immediately preceding the relevant
        month, were, under the scheme known as the Crude Oil Allocation
        Scheme, entitled to retain and retained, prescribed oil for their own
        use or for disposal by them outside that scheme; and

   (c)  persons who are relevant refiners in relation to the period that was
        the base period for the relevant month. 


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback