Document ID: chunk:federal_register_of_legislation:C2004A04065:front:0:p10
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(2) (b) "section 21" and substituting "subsection 22 (1)".

PART 7—AMENDMENTS OF THE PRIMARY INDUSTRIES
AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989

Principal Act

34. In this Part, "Principal Act" means the Primary Industries and Energy Research and Development Act 19896.

Definitions

35. Section 4 of the Principal Act is amended by omitting from subsection (1) the definition of "research component" and substituting the following definition:

" 'research component' means:

     (a) in relation to the levy imposed by the Wheat Industry Fund Levy Act 1989—the proportion of the levy referred to in subsection 5 (5); and

     (b) in relation to any other levy—so much of the levy as the regulations declare to be the research component of the levy under paragraph 5 (3) (a);".

Levies attached to R&D Corporations or R&D Funds

  36. (1) Section 5 of the Principal Act is amended:

     (a) by omitting from subsection (3) "Where a levy" and substituting "Subject to subsection (4), where a levy";

   (b) by adding at the end the following subsections:

     "(4) Paragraph (3) (a) does not apply to the levy imposed by the Wheat Industry Fund Levy Act 1989.

     "(5) If the levy imposed by the Wheat Industry Fund Levy Act 1989 is declared by the regulations to be attached to an R&D Corporation or an R&D Fund, the research component of the levy, in relation to each season, is the proportion of the levy that represents the percentage of the value of leviable wheat on which levy is imposed during that season determined by the Grains Council under subsection 85 (3) of the Wheat Marketing Act 1989.

     "(6) In subsection (5), the expressions 'Grains Council', 'leviable wheat' and 'season' have the same meaning as in Part 7 of the Wheat Marketing Act 1989.".

(2) Regulations made before the commencement of this Part for the purposes of paragraph 5 (3) (a) of the Principal Act continue to have effect, in relation to a levy other than the levy imposed by the Wheat Industry Fund Levy Act 1989, as if they had been made under the Principal Act, as amended by this Act.

Government matching payments not to exceed levy and certain other payments

37. Section 31 of the Principal Act is amended by inserting in paragraph (1) (c) "research components of" after "in relation to".

PART 8—AMENDMENT OF THE SNOWY MOUNTAINS
HYDRO-ELECTRIC POWER ACT 1949

Principal Act

38. In this Part, "Principal Act" means the Snowy Mountains Hydro-electric Power Act 19491.

39. Section 31 of the Principal Act is repealed and the following section is substituted:

Contracts

"31. (1) The Authority must not enter into any contract involving the payment or receipt of an amount exceeding $500,000.

  "(2) Subsection (1) does