An Act to amend the Wool Marketing (Loan) Act 1974.

BE IT ENACTED by the Queen, the Senate and the House of Representatives of Australia, as follows:—

Short title and citation.

1. (1) This Act may be cited as the Wool Marketing (Loan) Act (No. 2) 1974.

(2) The Wool Marketing (Loan) Act 1974 is in this Act referred to as the Principal Act.

(3) The Principal Act, as amended by this Act, may be cited as the Wool Marketing (Loan) Acts 1974.

Commencement.

2. This Act shall come into operation on the day on which it receives the Royal Assent.

Loans to Australian Wool Corporation,

3. Section 4 of the Principal Act is amended by omitting from sub-section (1) the figures “$150,000,000” and substituting the figures “$350,000,000”.

Authority to borrow.

4. Section 6 of the Principal Act is amended by omitting the figures “$150,000,000” and substituting the figures “$350,000,000”.