Commonwealth Numbered Regulations

1991 No. 315 WHEAT INDUSTRY FUND REGULATIONS (AMENDMENT) - REG 3

  3.1   After subregulation 10 (2), insert:


"(2A) A determination must:

   (a)  fix the rate of payment as a percentage of the equity held by each
        person in the Fund at the end of the previous financial year; and

   (b)  apply equally in respect of each equity holding; and

   (c)  fix the date on which payments must start to be made.".
  3.2   Add at the end:


"(5) The Board must notify each holder in writing:

   (a)  of the determination; and

   (b)  of the amount of payment to which the holder is entitled; and

   (c)  that the holder must give notice in writing within 14 days if the
        holder does not intend to take the payment.

"(6) All payments must be made not later than 30 days after the date fixed
under subregulation (2A) unless the holder gives notice under subregulation
(5).".