Commonwealth Numbered Acts

HORTICULTURAL RESEARCH AND DEVELOPMENT CORPORATION ACT 1987 No. 166 of 1987 - SECT 46

46. (1) Subject to subsections (3) and (5), there shall be paid to the
Corporation an amount equal to one-half of each amount required to be expended
by the Corporation.

(2) Amounts payable under subsection (1) shall be paid out of the Consolidated
Revenue Fund, which is appropriated accordingly.

(3) The sum of the amounts paid to the Corporation under subsection (1) shall
not exceed the sum of:

   (a)  the amounts paid to the Corporation under paragraphs 45 (1) (a) and
        (2) (a); and

   (b)  amounts in relation to which subsection (4) applies; less the sum of
        the amounts paid by the Corporation under subsection 11 (3) of the
        Levy Collection Act and subsection 11 (3) of the Export Charge
        Collection Act.

(4) Where the Corporation accepts an amount paid to it by way of gift, grant,
bequest or devise or on trust, the Corporation may, subject to the
regulations, determine that this subsection applies in relation to the amount.

(5) The sum of:

   (a)  the amounts paid to the Corporation under subsection (1) in a
        financial
year (in paragraph (c) called the "current financial year"); and

   (b)  the amounts paid to the Corporation under that subsection in earlier
        financial years; in relation to amounts required to be expended by the
        Corporation in relation to particular horticultural products shall not
        exceed the sum of:

   (c)  0.5% of the amount determined by the Minister, in writing and in
        accordance with a method specified in the regulations, to be the gross
        value of production of those products in the current financial year;
        and

   (d)  0.5% of the amounts determined by the Minister, in writing and in
        accordance with such a method, to be the gross value of production of
        those products in those earlier financial years.

(6) If this Part does not commence at the beginning of a financial year, a
reference in subsection (5) to a financial year does not include a reference
to the financial year that commenced on the 1 July immediately preceding the
commencement of this Part.