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Bass Strait Freight Adjustment Trust Fund Amendment Act 1985 No. 79 of 1985 - SECT 5
Amounts payable to producers
5. Section 7 of the Principal Act is amended-
(a) by omitting from sub-section (1) "rate of $1.26 per kilolitre" and
substituting "relevant rate for that month";
(b) by omitting from sub-section (2) "$1.26 per kilolitre" and
substituting
"relevant rate for that month"; and
(c) by adding at the end the following sub-sections:
"(3) The amount payable to a producer at the end of a particular month under
paragraph 6 (2) (ba) is an amount calculated at the relevant rate for that
month of the prescribed oil sold by the producer by virtue of which the
producer is entitled to payment under that paragraph at the end of that month.
"(4) In this section, 'relevant rate', in relation to a month, means the
amount per kilolitre that is the rate of adjustment levy on the last day of
that month.".
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