Commonwealth Numbered Acts

RURAL INDUSTRIES RESEARCH ACT 1985 No. 102, 1985 - SECT 6

6. (1) Where the regulations declare a levy that is imposed in respect of
goods of a particular kind, being a levy referred to in column 1 of Part I of
Schedule 1, to be, with effect from a day that is specified in the
regulations, a prescribed levy, then, for the purposes of this Act-

   (a)  a Research Fund is established on that day in respect of goods of that
        kind; and

   (b)  that Fund shall be known by the name that is set out in column 3 of
        that Part opposite to the reference that is set out in column 1 of
        that Part to the levy.

(2) Where the regulations declare levies that are imposed in respect of goods
of particular kinds, being the levies referred to in column 1 of Part II, III,
IV or V of Schedule 1, to be, with effect from a day that is specified in the
regulations, a prescribed class of levies, then, for the purposes of this Act-

   (a)  a Research Fund is established on that day in respect of goods of
        those kinds; and

   (b)  that Fund shall be known by the name that is set out in column 3 of
        that Part opposite to the reference in column 1 of that Part to the
        levies that are included in that prescribed class of levies.

(3) Where the regulations declare a levy that is imposed in respect of goods
of a particular kind, not being a levy referred to in column 1 of any Part of
Schedule 1, to be, with effect from a day that is specified in the
regulations, a prescribed levy, then, for the purposes of this Act-

   (a)  a Research Fund is established on that day in respect of goods of that
        kind; and

   (b)  that Fund shall be known by the name that is specified in the
        regulations.

(4) Where the regulations declare levies imposed in respect of goods of
particular kinds, not being levies referred to in column 1 of any Part of
Schedule 1, to be, with effect from a day that is specified in the
regulations, a prescribed class of levies, then, for the purposes of this Act-

   (a)  a Research Fund is established on that day in respect of goods of
        those kinds; and

   (b)  that Research Fund shall be known by the name that is specified in the
        regulations.

(5) Each Research Fund is a Trust Account for the purposes of section 62A of
the Audit Act 1901.