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BOUNTY (METAL WORKING MACHINES AND ROBOTS) ACT 1985 No. 133 of 1985 - SECT 17
Amount of bounty
17. (1) The bounty payable to a manufacturer of bountiable equipment A in
respect of the normal manufacture of bountiable equipment AA is -
(a) where the manufacture of the equipment is completed before 1 July 1986
- an amount equal to prescribed percentage 1 of the value added to the
equipment by the manufacturer in the course of the normal manufacture
of the equipment; or
(b) where the manufacture of the equipment is completed on or after 1 July
1986 - an amount equal to prescribed percentage 2 of the value added
to the equipment by the manufacturer in the course of the
normal manufacture of the equipment.
(2) The bounty payable to a manufacturer of bountiable equipment A in respect
of the retrofit manufacture of bountiable equipment that is -
(a) a computer controlled machine;
(b) a numerically controlled machine;
(c) a robotic machine;
(d) a machine included in a class of machines in respect of which a
declaration under sub-section 6 (4) is in force; or
(e) an independent machine, is -
(f) where a condition specified in sub-section 16 (5) is satisfied in
relation to the equipment on a day before 1 July 1986 - an amount
equal to prescribed percentage 3 of the value added to the equipment
by the manufacturer in the course of the retrofit manufacture of the
equipment; or
(g) where such a condition is satisfied in relation to the equipment on a
day on or after 1 July 1986 - an amount equal to
prescribed percentage 4 of the value added to the equipment by the
manufacturer in the course of manufacture of the equipment.
(3) The bounty payable to a manufacturer of bountiable equipment A in respect
of the manufacture of bountiable equipment AB is -
(a) where a condition specified -
(i) in the case of equipment that is an independent machine - in
sub-section 16 (5); or
(ii) in the case of bountiable goods AB - in sub-section 16 (6), is
satisfied in relation to the equipment on a day before 1 July
1986 - an amount equal to prescribed percentage 3 of the value
added to the equipment by the manufacturer in the course of the
manufacture of the equipment; or
(b) where a condition specified -
(i) in the case of equipment that is an independent machine - in
sub-section 16 (5); or
(ii) in the case of bountiable goods AB - in sub-section 16 (6), is
satisfied in relation to the equipment on a day on or after 1
July 1986 - an amount equal to prescribed percentage 4 of the
value added to the equipment by the manufacturer in the course
of manufacture of the equipment.
(4) The bounty payable to a modifier of bountiable equipment B in respect of
the modification of bountiable equipment B is -
(a) where a condition specified in paragraph 16 (8) (e) or (f) is
satisfied in relation to the equipment on a day before 1 July 1986 -
an amount equal to prescribed percentage 3 of the value added to the
equipment by the modifier in the course of the modification of the
equipment; or
(b) where such a condition is satisfied in relation to the equipment on a
day on or after 1 July 1986 - an amount equal to
prescribed percentage 4 of the value added to the equipment by the
modifier in the course of the modification of the equipment.
(5) In this section -
"prescribed percentage 1" means 40% or, if a declaration under subsection 8
(1) is in force, the percentage specified in that declaration;
"prescribed percentage 2" means 35% or, if a declaration under subsection 8
(2) is in force, the percentage specified in that declaration;
"prescribed percentage 3" means 30% or, if a declaration under subsection 8
(3) is in force, the percentage specified in that declaration;
"prescribed percentage 4" means 25% or, if a declaration under subsection 8
(4) is in force, the percentage specified in that declaration.
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