Commonwealth Numbered Acts

BOUNTY (COMPUTERS) ACT 1984 No. 113 of 1984 - SECT 7

7. (1) Unless and until a manufacturer of bountiable equipment gives a notice
under sub-section (2), an accounting period of that manufacturer shall, for
the purposes of this Act, be a financial year.

(2) A manufacturer of bountiable equipment may, within 3 months after this Act
receives the Royal Assent or the manufacturer begins to manufacture
bountiable equipment, whichever occurs last, give the Comptroller-General
notice in writing that the manufacturer wishes each period of 12 months
commencing on a specified day in a specified month to be an accounting period
of the manufacturer for the purposes of this Act and, where the manufacturer
does so, subject to sub-section (3), those periods shall, for the purposes of
this Act, be accounting periods of the manufacturer.

(3) Where-

   (a)  a manufacturer of bountiable equipment has accounting periods of 12
        months by virtue of sub-section (2) or of this sub-section; and

   (b)  it becomes necessary or convenient that other periods (in this
sub-section referred to as "new periods") of 12 months, being periods in
respect of which annual accounting reports of the manufacturer are required to
be prepared for the purposes of another law of the Commonwealth or of a law of
a State or Territory, should, in future, be the accounting periods of the
manufacturer for the purposes of this Act, the manufacturer may give the
Comptroller-General notice in writing that the manufacturer wishes the
new periods to be the accounting periods of the manufacturer for the purposes
of this Act (being a notice describing the new periods by specifying the day
and month of their commencement and setting out the reasons for the change of
accounting periods) and, where the manufacturer does so-

   (c)  the accounting period of the manufacturer in which commences the
        earliest new period that commences after the giving of the notice
        shall cease to be such a period and the period commencing on the first
        day of that former accounting period and ending on the day immediately
        preceding that earliest new period shall, for the purposes of this
        Act, be an accounting period of the manufacturer; and

   (d)  after the end of the period prescribed by paragraph (c), the new
        periods shall, for the purposes of this Act, be the accounting periods
        of the manufacturer.