Commonwealth Numbered Acts Commonwealth Numbered Acts1 Subsection 4(1)
2 Subsection 4(1)
3 After paragraph 4(10)(b)
(ba) applied against an earlier
payment of duty on such eligible imports (Part 7); or
4 Subsection 6(1)
(definition of eligible imports)
(a) goods described in column 2 of item 41E of Schedule 4 to the
Tariff; or (aa) when
the person applies duty credit in accordance with section 75A
against an earlier payment of duty on the importation of eligible
imports; This Part provides that duty credit:
75A When can a person apply duty credit against duty that
has already been paid?
(2) An application of duty credit under subsection (1) can only be made
by notifying the Secretary. The notification must: (ca) by applying it in accordance with section 75A
against an earlier payment of duty on the importation of eligible
imports; or (ca) by applying it
in accordance with section 75A against an earlier payment of duty
on the importation of eligible imports; or Aluminium Industry Act 1960 11 The whole of the Act 12 Subsection 3(1) (definition of operating software) 12A Subsection 12(1)
12B Subsection 12(2) 12C Subsection 12(2) 12D Subsection 12(3) 12E Subsection 12(3) 12F Treatment of past payments
purporting to be advances on account of eligible research and
development expenditure bounty (1) A payment that: (a) purported to
be an advance under subsection 12(1) of the Bounty (Ships) Act 1989
(the Bounty Act ) on account of eligible research and development
expenditure bounty; and (2) A person to whom a payment referred to in
subitem (1) was made is entitled, on the commencement of this
item, to be paid, by the Commonwealth, an amount equal to the amount
of the debt due to it by the person under subitem (1).
(6) This item does not, by implication, affect the recovery or set-off of
other overpayments purporting to be made under the Bounty Act. Management and Investment Companies Act 1983 13 The whole of the Act Petroleum (Submerged Lands) Legislation Amendment Act 2001 14
Item 17 of Schedule 1 Pooled Development Funds Act 1992 15 Paragraph 4A(1)(a) (a) it has 5 or more members; and (1) Section 31
of the Pooled Development Funds Act 1992 is taken to have applied in relation
to a PDF during the period: (a) starting on 8 October 1999; and
(2) If: (a) because of the effect of subitem (1), a person's holding of
shares in a PDF immediately before the commencement of this item did not
contravene section 31 of the Pooled Development Funds Act 1992 as then in
force; but (c) subject to paragraph (e), the person's continued holding of
those shares in the PDF after that commencement is to be disregarded
when applying section 31 of that Act as then in force to the
person and the person's associates; States
Grants (Petroleum Products) Act 1965 17 Section 1A 18 Subsection 5(2) 19 Paragraph 5(3)(a) 20 Paragraph 5(3A)(a) 21 Paragraph
5(3A)(b) 22
Section 7 23 References in scheme to Chief
Executive Officer of Customs 24 Transitional provision—things previously done by
the Chief Executive Officer of Customs (a) was done
under the States Grants (Petroleum Products) Act 1965 (including
under a scheme in relation to a State) by, or in relation to, the
Chief Executive Officer of Customs before the commencement of this
item; and 25
Section 65AA 26
Sections 65AB and 65AC 27 Subsection 65AD(1) 28 Paragraph 65AN(1)(a)
29 Application of amendments (152/02)
eligible imports means:
(b) goods that would have been goods so described if their importation had
been by a person who owned and applied duty credits as mentioned in
that column of that item.
5 After paragraph 66(a)
6 Section 74
(a) is transferable (Division 2); and
(b) may be applied against previously paid duty (Division 2A); and
(c) may be subject to limited use restrictions (Division 3).
7 After
Division 2 of Part 7
(1) A person can apply duty credit the person owns against duty that the
person has already paid if that duty was paid in respect of the importation,
on or after 1 January 2001, of eligible imports.
(a) be in writing; and
(b) be in the approved form; and
(c) contain such information as the form requires; and
(d) be signed in the manner indicated in the form; and
(e) comply with any other applicable requirements specified in regulations
made for the purposes of this paragraph.
8 After paragraph 76(1)(c)
9 After paragraph 77(1)(c)
10 At the end of
subsection 115(2)
(b) was made during the period that started on 9 April 1999 and ended
on the commencement of this item;
(3) The
Consolidated Revenue Fund is appropriated for the purpose of payments
under subitem (2).
(4) The Commonwealth may set-off the amount
of a debt due to it by a person under subitem (1) against an
amount that is payable to that person under subitem (2).
(5)
Despite subitems (1) and (2), in applying subsection 12(2) or (3)
of the Bounty Act after the commencement of this item to the
construction or modification of a vessel, any payment made before that
commencement in respect of the construction or modification that
purported to be an advance on account of eligible research and
development expenditure bounty is to be counted as though it had been
validly made under subsection 12(1) of that Act.
16 Certain
shareholdings in PDFs do not contravene section 31
(b) ending on the commencement of this item;
(b) that holding of those shares would, but for this subitem, result in a
contravention of section 31 of that Act as it applies after the
commencement of this item;
(d) if, after that commencement, any bonus shares in the PDF are issued to
the person because the person is the holder of the shares referred to
in paragraph (c), then, subject to paragraph (e), the
person's holding of those bonus shares is to be disregarded when
applying section 31 of that Act as then in force to the person
and the person's associates;
(e) however, if, after that commencement, the person, or any of the
person's associates, acquires additional shares in the PDF (otherwise
than as mentioned in paragraph (d)), the shares to which
paragraphs (c) and (d) apply are to be taken into account in
determining whether the acquisition of those additional shares
complies with section 31 of that Act as then in force.
(b) was still in force, or having an effect, immediately before the
commencement of this item;
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