Forestry Restructuring and Nature Conservation Amendment Bill 1999

Explanatory note

This explanatory note relates to this Bill as introduced into Parliament.




Overview of Bill



The object of this Bill is to amend the Forestry Restructuring and Nature Conservation Act 1995 as follows:

(a) to increase, from $60 million to $80 million, the limit on the total amount of payments in respect of forest industry restructuring that may be paid from the Environmental Trust Fund under that Act,
(b) to extend, from 30 June 2001 to 30 June 2006, the last date by which such payments may be made.




Outline of provisions



Clause 1 sets out the name (also called the short title) of the proposed Act.

Clause 2 provides for the commencement of the proposed Act on a day or days to be appointed by proclamation.

Clause 3 is a formal provision giving effect to the amendments to the Forestry Restructuring and Nature Conservation Act 1995 set out in Schedule 1.

Schedule 1 Amendments

Schedule 1 [1] amends section 6 of the Act so as to increase, from $60 million to $80 million, the limit on the total amount of payments in respect of forest industry restructuring that may be paid from the Environmental Trust Fund under that Act.

Schedule 1 [2] amends section 7 of the Act so as to extend, from 30 June 2001 to 30 June 2006, the time within which such payments may be made.

Schedule 1 [3] makes a consequential amendment to section 11 of the Act in respect of reports to Parliament.

Note: If this Bill is not modified, these Explanatory Notes would reflect the Bill as passed in the House. If the Bill has been amended by Committee, these Explanatory Notes may not necessarily reflect the Bill as passed.

 

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