Commonwealth Numbered Acts

SHIP CONSTRUCTION BOUNTY ACT 1975 No. 79, 1975 - SECT 13

13. (1) On the receipt by the Minister under section 10 of a draft contract in
respect of the construction or modification of a vessel, the Minister may,
having regard to the contract price specified in that draft contract, reduce
the bounty price in respect of that construction or modification to such
amount as he could have determined under sub-section 6 (1) if there had been,
at the time of the determination, an acceptable Australian tender price equal
to the aggregate of-

   (a)  that contract price; and

   (b)  an amount equal to the amount of the bounty that would be payable on
        completion of that construction or modification if it were carried out
        as proposed.

(2) Subject to sub-section (3), where the contract price for the construction
or modification of a vessel in respect of which a bounty price has been
determined is increased to take account of increases in the cost of materials
or labour, the Minister may increase the bounty price by such amount, not
being an amount in excess of the amount of the increase in the contract price,
as he determines.

(3) In making a determination under sub-section (2), the Minister shall have
regard to-

   (a)  the nature and extent of the work or other matter to which the
        increase in the contract price relates;

   (b)  where the increase in the contract price relates in whole or in part
        to an increase in the cost of labour-corresponding labour costs
        incurred by other employers in the area where the work is being
        carried out; and

   (c)  the rate of progress of the work of construction or modification.

(4) Where-

   (a)  an alteration to the specifications for the construction or
        modification of a vessel is made under sub-section 14 (3); and

   (b)  the Minister is satisfied that the alteration is required on the
        ground of safety, the Minister may vary the bounty price by such
        amount as he thinks fit having regard to the nature and extent of that
        alteration and its effect (if any) on work completed before the
        alteration was made.

(5) Where-

   (a)  an alteration to the specifications for the construction or
        modification of a vessel is made under sub-section 14 (3);

   (b)  the Minister is not satisfied that the alteration is required on the
        ground of safety; and

   (c)  the Minister would, if the alteration had been made before the bounty
        price was determined, have determined a lower bounty price, the
        Minister may reduce the bounty price by such amount as he thinks fit
        having regard to the nature and extent of the alteration.