Commonwealth Numbered Acts

Dried Sultana Production Underwriting Act 1982 No. 6 of 1982 - SECT 9

9. (1) Where-

   (a)  a prescribed season is an underwriting season; and

   (b)  dried sultanas produced by a producer were received into a packing
        house during that season, an underwriting payment is payable to that
        producer in respect of those dried sultanas.

(2) The rate of an underwriting payment under sub-section (1) is an amount per
tonne equal to the amount by which the amount per tonne that constitutes the
published average return rate for dried sultanas in respect of the
underwriting season is less than the amount per tonne that constitutes the
published guaranteed minimum return rate for dried sultanas in respect of the
underwriting season.

(3) The amount of an underwriting payment under sub-section (1) is an amount
equal to the product of-

   (a)  the amount per tonne that is the rate of the underwriting payment;

   (b)  the number of tonnes of the dried sultanas; and

   (c)  the reduction factor, calculated in accordance with section 6, for
        dried sultanas in respect of the underwriting season.