Commonwealth Numbered Acts

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

HONEY RESEARCH ACT 1980 No. 144 of 1980 - SECT 5

Moneys to be paid into Research Account
5. (1) There shall be paid into the Research Account, out of the Consolidated
Revenue Fund, which is appropriated accordingly, amounts equal to-

   (a)  so much of the amounts from time to time received by the Commonwealth
        as export charge as is so received by virtue of paragraph 7 (1) (b) of
        the Export Charge Act;

   (b)  so much of the amounts from time to time received by the Commonwealth
        as levy as is so received by virtue of paragraph 5 (1) (b) of a Levy
        Act;

   (c)  so much of the amounts from time to time received by the Commonwealth
        in discharge of the liability (other than a liability in respect of a
        penalty under sub-section 8 (1) of the Levy Collection Act) of a
        person under sub-section 7 (1) of that Act in respect of amounts
        payable by virtue of paragraph 5 (1) of a Levy Act;

   (d)  so much of the amounts (if any) from time to time received by the
        Commonwealth as penalties under section 6 of the Export Charge
        Collection Act as relates to amounts referred to in paragraph (a) of
        this sub-section;

   (e)  so much of the amounts (if any) from time to time received by the
        Commonwealth as penalties under section 8 of the Levy Collection Act
        as relates to amounts referred to in paragraph (b) or (c) of this
        sub-section; and

   (f)  subject to sub-section (3), one-half of any amount paid or to be paid
        out of the account kept under sub-section 6 (1).

(2) There shall be paid into the Research Account-

   (a)  moneys paid by any person to the Commonwealth for the purposes of the
        Research Account;

   (b)  moneys received by the Commonwealth-

        (i)    from the sale of any property paid for out of moneys expended
               from the Research Account;

        (ii)   from the sale of any property produced in the course of
               carrying out any research so paid for; or

        (iii)  in respect of any work so paid for; and

   (c)  interest from the investment of moneys standing to the credit of the
        Research Account.

(3) The sum of the amounts paid into the Research Account by virtue of
paragraph (1) (f) shall not exceed the sum of the amounts paid into the
Research Account by virtue of paragraphs (1) (a), (b) and (c). 


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback