Document ID: chunk:federal_register_of_legislation:C2004A05038:schedule:1:p4
Version: federal_register_of_legislation:C2004A05038
Segment Type: schedule
Provision Reference: sch 1 (pt 4/5)
Character Range: 10067–12924

52 is altered by omitting "43, 44 and 45" and substituting "43 and 44".

8 Subsection 64(2)

   Repeal the subsection, substitute:

     (2) The purpose of a wool tax record is to inform the recipient of the amounts paid to the Australian Wool Realisation Commission or Wool International that represent wool tax referred to in subsection (1) and paid by the person.

9 Subsection 69(2)

   Omit "45".

Part 2—Transitional provisions

10 Interpretation

   In this Part:

      Principal Act means the Wool International Act 1993.

      Wool International means the body corporate continued in existence under subsection 7(1) of the Principal Act.

11 Repayment of additional contributions

   If:

        (a) a person has made an additional contribution under section 45 of the Principal Act after 20 June 1995; and

        (b) Wool International was paid, under subsection 45(4) of the Principal Act, an amount equal to the contribution;

   Wool International must pay to the person an amount equal to the contribution.

12 Amendments of register

   If:

        (a) a person has made an additional contribution under section 45 of the Principal Act after 20 June 1995; and

        (b) an entry was made in the register (referred to in section 66 of the Principal Act) to record that payment; and

        (c) Wool International has made a payment to the person under item 11;

   Wool International must make an entry in the register to record that an amount under item 11 has been paid to the person.

13 Application

   The amendment effected by item 7 does not apply in respect of the financial year ending on 30 June 1996.

14 Compensation for acquisition of property

   (1) If, apart from this item, the operation of this Part would result in the acquisition of property from a person otherwise than on just terms, the Commonwealth is liable to pay reasonable compensation to the person.

   (2) If the Commonwealth and the person do not agree on the amount of the compensation, the person may apply to the Federal Court to determine a reasonable amount of compensation.

   (3) The jurisdiction of the Federal Court is exclusive of the jurisdiction of all other courts except that of the High Court.

   (4) Any damages or compensation recovered, or other remedy given, in a proceeding begun otherwise than under this item must be taken into account in assessing compensation payable in a proceeding begun under this item and arising out of the same event or transaction.

   (5) In this item:

      acquisition of property and just terms have the same meaning as in paragraph 51(xxxi) of the Constitution.

    Schedule 7—Amendment of the Australian Wool Research and Promotion Organisation Act 1993

1 Subsection 51(5)

   Repeal the subsection, substitute:

     (5) The total of the percentages specified in recommendations that