Document ID: chunk:federal_register_of_legislation:C2004A03947:body:0:p18
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of 12 months.".

Oilseeds Levy Collection Act 1977

Section 5:

  Repeal the section, substitute the following section:

Time for payment of levy

"5. (1) Levy on leviable oilseeds is due and payable:

    (a) 28 days (or such longer period as is prescribed) after the end of the quarter in which leviable oilseeds are delivered by the grower of the leviable oilseeds to another person or are processed by the grower; or

    (b) if the weight of leviable oilseeds of all kinds delivered to that person by the grower, or processed by the grower, in the levy year in which

  SCHEDULE—continued

    that quarter occurs reaches the exempt weight in a later quarter— 28 days (or such longer period as is prescribed) after the end of that later quarter.

  "(2) For the purposes of this section, each of the following periods is to be taken to be a quarter:

(a) the period of 3 months starting on:

      (i) if the commencing day is the first day of January, April, July or October—the commencing day; or

      (ii) in any other case—the first day of whichever of the months of January, April, July or October first begins after the commencing day;

    (b) the period of 3 months starting on the day after the end of the period mentioned in paragraph (a), and each successive period of 3 months.

    "(3) In this section:

       'commencing day' means the day on which subsection 29 (2) of the Primary Industries and Energy Legislation Amendment Act (No. 3) 1989 commences.".

PART 3

Rural Industries Research Act 1985

Subsection 12 (2):

Omit "and the Wheat Tax (Permit) Act 1984", substitute ", the Wheat Tax (Permit) Act 1984 and the Wheat Industry Fund Levy Act 1989".

Schedule 1, Part V:

  (a) Add at the end of Column 1 "Levy imposed by Wheat Industry Fund Levy Act 1989".

    (b) Add at the end of Column 2 opposite the words added to the end of Column 1 by paragraph (a) "A percentage of the levy referred to in Column 1 as determined under subsection 85 (3) of the Wheat Marketing Act 1989".

Schedule 2, Part II:

Add at the end of Column 1 "Levy imposed by Wheat Industry Fund Levy Act 1989".

SCHEDULE—continued

Wheat Marketing Act 1989

Subsection 3 (1):

  Insert the following definition:

    " 'borrowing', in relation to the Board, includes raising money or obtaining credit, whether by dealing in securities or otherwise, but does not include obtaining credit in a transaction forming part of the day-to- day operations of the Board;".

Section 71:

    Repeal the section, substitute the following sections:

Borrowing by the Board

"71. (1) The Board may, with the written approval of the Minister, borrow money on terms and