DAIRY PRODUCE RESEARCH AND SALES PROMOTION.

No. 41 of 1964.

An Act to amend the Dairy Produce Research and Sales Promotion Act 1958-1963.

[Assented to 28th May, 1964.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Dairy Produce Research and Sales Promotion Act 1964.

(2.) The Dairy Produce Research and Sales Promotion Act 1958–1963 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the Dairy Produce Research and Sales Promotion Act 1958–1964.

Commencement.

2. This Act shall come into operation on a date to be fixed by Proclamation.

Moneys to be paid to the Research Account.

3. Section seven of the Principal Act is amended by omitting paragraph (a) of sub-section (1.) and inserting in its stead the following paragraph:—

“(a) amounts equal to the amounts of levy received by the Secretary by virtue of paragraph (a) of sub-section (1.) of section six of the Dairy Produce Levy Act 1958–1964, by virtue of paragraph (a) of sub-section (1.) of section seven of that Act and by virtue of paragraph (a) of sub-section (1.) of section seven a of that Act;”.

4. Section sixteen of the Principal Act is repealed and the following section inserted in its stead:—

Recommendations by the Committee with respect to rates of levy on dairy produce.

“16. The Committee may, from time to time, submit to the Board recommendations with respect to an amount to be prescribed for the purposes of paragraph (a) of sub-section (1.) of section six, paragraph (a) of sub-section (1.) of section seven or paragraph (a) of sub-section (1.) of section seven a, of the Dairy Produce Levy Act 1958–1964.”.

Dairy Produce Sales Promotion Fund.

5. Section eighteen of the Principal Act is amended by omitting paragraph (a) of sub-section (3.) and inserting in its stead the following paragraph:—

“(a) amounts equal to the amounts of levy received by the Secretary by virtue of paragraph (b) of sub-section (1.) of section six of the Dairy Produce Levy Act 1958–1964, by virtue of paragraph (b) of sub-section (1.) of section seven of that Act and by virtue of paragraph (b) of sub-section (1.) of section seven a of that Act;”.

Investment, &c. of moneys in the Sales Promotion Fund.

6. Section twenty of the Principal Act is amended by omitting from paragraph (b) of sub-section (1.) the words “Commonwealth Bank of Australia” and inserting in their stead the words “Reserve Bank of Australia”.