Commonwealth Numbered Acts

Bounty (High Alloy Steel Products) Act 1983 No. 126 of 1983 - SECT 9

9. (1) Subject to sub-section (2), the amount available for payment of bounty
in respect of bountiable products in respect of a bounty period is $9,000,000.

(2) The regulations may prescribe a factor for the purposes of this section in
respect of a bounty period and, where a factor is so prescribed, then, for the
purpose of calculating the amount available for payment of bounty in respect
of bountiable products in respect of which bounty becomes payable during that
bounty period, the amount specified in sub-section (1) shall be multiplied by
that factor.

(3) Where the amount available for payment of bounty in respect of
bountiable products in respect of which bounty becomes payable during a bounty
period is insufficient for the payment in full of all valid claims in respect
of those bountiable products, the bounty otherwise payable in respect of each
of those claims shall be reduced to an amount that bears the same proportion
to the amount of the claim as the amount so available bears to the total
amount of all those claims.

(4) If the Comptroller-General is of the opinion that the amount available for
payment of bounty in respect of bountiable products in respect of which bounty
will become payable during a bounty period will be insufficient for the
payment in full of all valid claims in respect of those bountiable products,
he may withhold payment of the whole or any part of the bounty otherwise
payable upon such a claim until he has ascertained the total amount of all
those claims.