Commonwealth Numbered Acts

PRIMARY INDUSTRIES LEGISLATION AMENDMENT ACT (No. 2) 1991 No. 125, 1991 - SECT 11

11. Section 30B of the Principal Act is amended:
(a) by omitting from subsection (4) "There" and substituting "Subject to
subsection (4A), there";

   (b)  by inserting after subsection (4) the following subsections:

"(4A) The total of the amounts paid under subsection (4) to the R & D
Corporation in respect of the wool industry in a financial year must not
exceed:

   (a)  the maximum amount for that financial year; or

   (b)  0.5% of the amount that the Minister determines to be the gross value
        of shorn wool produced in Australia in that financial year; whichever
        is less.

"(4B) For the purposes of paragraph (4A)(a):

   (a)  the maximum amount in respect of the financial year commencing on 1
        July 1991 is the amount equal to the total of the amounts paid under
        subsections (1) and (2) of this section, paragraph 89B(1)(c) and
        subsection 89B(2) to the R & D Corporation in respect of the wool
        industry during the financial year; and

   (b)  the maximum amount in respect of any subsequent financial year is
        equal to the difference between:

   (i)  the total of the amounts paid under subsections (1) and (2) of this
        section, paragraph 89B(1)(c) and subsection 89B(2) to the R & D
        Corporation in respect of the wool industry during the period
        commencing on 1 July 1991 and ending at the end of the financial year;
        and

   (ii) the total of the amounts paid under subsection (4) to that Corporation
        during the period commencing on 1 July 1991 and ending immediately
        before the commencement of the financial year.".