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BOUNTY (METAL WORKING MACHINES AND ROBOTS) ACT 1985 No. 133 of 1985 - SECT 10
Value added - manufacture
10. (1) For the purposes of this Act, the value added to bountiable
equipment A by a manufacturer of the equipment in the course of the
manufacture of the equipment shall be deemed to be an amount ascertained in
accordance with the formula -
A - (B + C + D + E), where -
A is the factory cost incurred by the manufacturer -
(a) in carrying out a process or processes in the manufacture of the
equipment; or
(b) in preparing for, or arranging, the carrying out by another
manufacturer of the equipment of a process or processes in the
manufacture of the equipment;
B is the cost (included in that factory cost) of parts and materials delivered
into the store of the manufacturer, being parts and materials supplied to the
manufacturer for use in the manufacture or packaging of the equipment;
C is the cost (included in that factory cost) of any process carried out, or
any production service provided by -
(a) the manufacturer, or a person employed by the manufacturer, otherwise
than at premises registered under section 28 in the name of the
manufacturer; or
(b) a person other than -
(i) the manufacturer; or
(ii) a person employed by the manufacturer, not being a production
service carried out in Australia by or on behalf of the
manufacturer;
D is interest (included in that factory cost) on money borrowed from another
person for the purpose of financing research or development other than
research and development carried out in Australia by or on behalf of the
manufacturer;
E is such costs (if any) as are prescribed.
(2) For the purposes of this Act, where bountiable equipment A (in this
sub-section referred to as the "relevant equipment") is manufactured from
other bountiable equipment A or from goods in respect of which bounty under
this Act or another Act has, or will become payable -
(a) the value added to the relevant equipment by a manufacturer of the
relevant equipment in the course of the manufacture of the
relevant equipment does not include any value added by the
manufacturer to the other equipment or goods; and
(b) the factory cost incurred by a manufacturer of the relevant equipment
in the course of the manufacture of the relevant equipment does not
include any factory cost incurred by the manufacturer in respect of
the other equipment or goods.
(3) For the purposes of this Act, where bountiable equipment A is retrofit
manufactured -
(a) the value added to that equipment by the manufacturer of that
equipment in the course of the retrofit manufacture of that equipment
does not include any value added by that manufacturer to the equipment
from which the first-mentioned equipment was retrofit manufactured;
and
(b) the factory cost incurred by a manufacturer of the first-mentioned
equipment in the course of the retrofit manufacture of that
firstmentioned equipment does not include any factory cost incurred by
that manufacturer in the manufacture of the equipment from which the
first-mentioned equipment was retrofit manufactured.
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