Document ID: chunk:federal_register_of_legislation:C2004A04200:body:0:p5
Version: federal_register_of_legislation:C2004A04200
Segment Type: other
Provision Reference: 
Character Range: 10179–12833

tax is received, amounts would be payable to the Corporation (within the meaning of that Act) under section 47 of that Act:

there is payable to the R&D Corporation in respect of the wool industry:

     (c)     an amount equal to the amount that would be payable under paragraph 47(1)(c) of that Act if that Act were still in force; and

     (d)     the amount that would be payable by way of interest if interest were payable on the amount referred to in paragraph (c), at the rate determined by the Minister, in respect of the period commencing on the day determined by the Minister and ending on the day on which the amount payable under this subsection is paid.

  "(2) Where:

    (a)     an amount (being an amount equal to an amount that would be payable under paragraph 47(1)(c) of the Wool Marketing Act 1987 if that Act were in force) has been paid to the R&D Corporation in respect of the wool industry under subsection (1); and

    (b)     if the Wool Marketing Act 1987 were in force, an amount (in this subsection called the 'matching amount') would be payable into the Research Fund (within the meaning of that Act) under paragraph 93(1)(b) of that Act because of the amount that would have been paid under paragraph 47(1)(c) of that Act;

there is payable to that Corporation an amount equal to the matching amount.

"(3) Money payable to the R & D Corporation in respect of the wool industry under subsection (1) or (2) is payable out of the Consolidated Revenue Fund, which is appropriated accordingly.

  "(4) A determination under paragraph (1)(d):

  (a)     must be in writing; and

    (b)     is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901.

Interest payable to R & D Corporation in respect of the wool industry where certain amounts payable under repealed Act remained unpaid on 30 June 1991

  "89C. (1) Where:

    (a)     an amount that was payable under paragraph 47(1)(c) of the Wool Marketing Act 1987 was paid to the Commission after 30 June 1991; and

    (b)     under regulations made under the Australian Wool Realisation Commission Act 1991, the Commission has paid to the R & D Corporation in respect of the wool industry an amount (in this subsection called the 'transferred amount') equal to that amount;

the Commonwealth must pay to that Corporation the amount that would be payable by way of interest if interest were payable on the transferred amount, at the rate determined by the Minister, in respect

of the period commencing on the day determined by the Minister and ending on the day on which the transferred amount was paid.

"(2) Money payable to the