Commonwealth Numbered Acts

AUSTRALIAN TRADE COMMISSION (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1985 No. 187 of 1985 - SECT 63

63. (1) There is payable to the Commission, out of the Consolidated Revenue
Fund, which is appropriated accordingly, an amount of $142,215,000 for the
purposes of the Commission under the Australian Trade Commission Act 1985
during the financial year ending on 30 June 1986 which amount includes, in
particular -

   (a)  $88,500,000 for the purpose of making payments of grants under the
        Export Market Development Grants Act 1974; and

   (b)  $14,350,000 for the purpose of making payments of subsidy under
        sub-sections 38 (2) and 39 (2), and facilitating the charging of
        concessional rates of interest in respect of loans made under section
        49, of the Australian  Trade Commission Act 1985 .

(2) In sub-section (1), a reference to the purposes of the Commission under
the Australian Trade Commission Act 1985 includes a reference to the purposes
of the Commission in performing the functions conferred on the Commission by
the Export Expansion Grants Act 1978.

(3) The Minister for Finance may, in writing, determine that a specified
amount constituting a part of the money appropriated under sub-section (1) is
so appropriated for the purpose of enabling the Commission to perform a
function that corresponds to a function of the Department or of a statutory
authority for which the Minister for Trade is responsible where the
lastmentioned function is one -

   (a)  in respect of which money is appropriated under a specified
        Subdivision of Division 640, 642 or 644 of the Appropriation Act (No.
        1) 1985-86, not being the Sub-division of Division 644 of that Act
        that relates to expenditure under the
        Export Expansion Grants Act 1978; or

   (b)  in respect of which money is appropriated under a specified
        Subdivision of Division 964 of the Appropriation Act (No. 2) 1985-86,
        and, where the Minister for Finance does so, that Act shall be deemed,
        by force of this sub-section, to have effect and, with effect from 1
        July 1985 to have had effect, as if the amount specified in that
        Sub-division were reduced by that first-mentioned amount.

(4) So far only as the appropriation of money under Division 644 of the
Appropriation Act (No. 1) 1985-86 in respect of expenditure under the Export 
Expansion Grants Act 1978 is concerned, the first-mentioned Act has effect, by
force of this sub-section, on and after the commencement of this section, as
if money so appropriated had not been appropriated for the purposes of the
Grants Board but had been appropriated for the purposes of enabling the
Department to make payments under the Export Expansion Grants Act 1978.