Commonwealth Numbered Acts

WHEAT INDUSTRY STABILIZATION AMENDMENT ACT 1978 No. 165 of 1978 - SECT 6

6. (1) Section 40 of the Principal Act is amended-

   (a)  by omitting from sub-section (1) ''the Minister, on the recommendation
        of the Board, from time to time determines'' and substituting ''are
        agreed, from time to time, between the Board and the
        licensed receiver''; and

   (b)  by omitting sub-section (2).

(2) Notwithstanding the amendments made by sub-section (1), any agreement in
force under sub-section 40 (2) of the Principal Act immediately before the
commencement of this section continues in force after the commencement of this
section in accordance with its terms but may be varied or revoked by agreement
of the parties.

(3) Any payment of remuneration made after the commencement of this section
under an agreement referred to in sub-section (2) shall, for the purposes of
the Wheat Industry Stabilization Act 1974, be deemed to be a payment of
remuneration payable under section 40 of that Act.
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