Document ID: chunk:federal_register_of_legislation:C2004A04350:body:0:p10
Version: federal_register_of_legislation:C2004A04350
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Character Range: 23864–26741

raising, of money by the Commission; or

         (ii) the revenue obtainable by the Commission from the investment of money by the Commission; or

         (iii) the amount payable to the Commission for any wool sold from the wool stockpile; or

         (iv) a payment to or by the Commission in relation to a transaction in foreign currency; or

    (b) maintaining the value of investments made by the Commission.".

Membership of Commission

22. Section 39 of the Principal Act is amended by omitting subsection (6) and substituting the following subsection:

"(6) The following persons may not be appointed as members of the Commission:

  (a)     a Member of Parliament;

    (b)     an individual who is a member of a prescribed organisation (being an organisation representing a sector of the wool industry)";

    (c)     an individual who is a member of the executive of a prescribed organisation (being an organisation representing a sector of the wool industry).".

Transitional—annual report

23. Section 81 of the Principal Act is amended by inserting in paragraph (a) "and" after "report".
PART 5—AMENDMENTS OF THE PRIMARY INDUSTRIES AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989

Principal Act

24. In this Part, "Principal Act" means the Primary Industries and Energy Research and Development Act 19894.

Definitions

25. Section 4 of the Principal Act is amended by omitting from paragraph (a) of the definition of "eligible levy payer" in subsection (1) "a register" and substituting "the register".

List of levy payers etc.

26. Section 57 of the Principal Act is amended by omitting from subsection (1A) "for the purposes of general meetings to be held under Part 6 of that Act in a financial year" and "in respect of that financial year".

Regulations may provide for certain matters

  27. Section 61 of the Principal Act is amended:

     (a)     by inserting in paragraph (a) "R & D" before "Corporation" (first occurring);

     (b)    by inserting in paragraph (e) "if the Corporation is a corporation to which a levy is attached—" before "the method";

   (c)     by inserting after paragraph (e) the following paragraph:

           "(ea) the method of determining the number of votes that an eligible levy payer of the R & D Corporation in respect of the wool industry may cast when voting at an annual general meeting of that Corporation;".

PART 6—AMENDMENT OF THE PRIMARY INDUSTRIES LEVIES AND CHARGES COLLECTION ACT 1991

Principal Act

28. In this Part, "Principal Act" means the Primary Industries Levies and Charges Collection Act 19915.

Interpretation

29. Section 4 of the Principal Act is amended by inserting in subsection (1) the following definitions:

" 'leviable amount', in relation to a levy year, means:

   (a)     $50; or

     (b)     if, before the commencement of the levy year, another amount is prescribed in relation to