Commonwealth Numbered Acts

BASS STRAIT FREIGHT ADJUSTMENT TRUST FUND AMENDMENT ACT 1987 No. 153 of 1987 - SECT 7

7. Section 8 of the Principal Act is repealed and the following section is
substituted: Amounts payable to relevant refiners

"8. Where a person is entitled under subsection 6 (3) to receive a payment
from the Freight Adjustment Fund at the end of a month, the amount of that
payment shall be ascertained in accordance with the formula:
A (B-C-D)
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100 where:
A is the percentage determined under paragraph 9 (1) (d) in respect of that
person that applies to that month by virtue of subsection 9 (3B);
B is the amount standing to the credit of that Fund at the end of that month;
C is the sum of the amounts (if any) paid or payable out of that Fund under
subsection 6 (1) or (2) at the end of that month; and
D is the sum of the amounts (if any) paid or payable out of that Fund under
subsection 6 (4) at the end of that month.".