Retention limit for Commonwealth’s matching payments
32B Retention limit for Commonwealth’s matching payments
For the purposes of this section, gross value of production, in relation to a financial year, means the gross value of production, for that financial year, of the goods that are produce of the grape industry and the wine industry.
If:
before the end of 31 October next following a financial year, the Minister determines the amount of the gross value of production in relation to the financial year; and
as at the end of 31 October next following the financial year, the sum of the amounts that were paid to the Authority during the financial year under paragraph 32(ai) exceeds 0.5% of the amount of the gross value of production in relation to the financial year as determined by the Minister;
the Authority must pay to the Commonwealth an amount equal to the excess.
If:
before the end of 31 October next following a financial year, the Minister has not determined under subsection (2) the amount of the gross value of production in relation to a financial year; and
the Minister has determined under subsection (2) the amount of the gross value of production in relation to the previous financial year;
the Minister is taken to have made, immediately before the end of that 31 October, a determination under subsection (2) that the amount of the gross value of production in relation to the financial year is equal to the amount of the gross value of production determined under subsection (2) for the previous financial year.
The Minister may, on behalf of the Commonwealth, set off an amount payable by the Authority under subsection (2) against an amount that is payable to the Authority under paragraph 32(ai).
A determination made under subsection (2) is not a legislative instrument.
The regulations may provide for the manner in which the Minister is to determine the amount of the gross value of production for a financial year.
113 Section 33 (heading)
Omit “Corporation”, substitute “the Authority”.
114 Subsections 33(1) and (2)
Repeal the subsections.
115 Subsection 33(3)
Omit “Corporation”, substitute “Authority”.
116 Paragraph 33(4)(b)
Omit “Corporation’s”, substitute “general”.
117 Subsection 33(4)
Omit “Corporation”, substitute “Authority”.
118 At the end of section 33
Add:
If:
a refund is made by the Commonwealth under section 18 of the Primary Industries Levies and Charges Collection Act 1991 in respect of an amount; and
the amount has been paid or overpaid to the Commonwealth by way of the research component of wine grapes levy;
the Authority must pay to the Commonwealth an amount equal to the amount of the refund.
If:
a refund is made by the Commonwealth under section 18 of the Primary Industries Levies and Charges Collection Act 1991 in respect of an amount; and
the amount has been paid or overpaid to the Commonwealth by way of grapes research levy;
the Authority must pay to the Commonwealth an amount equal to the amount of the refund.
119 Section 34
Omit “Corporation” (wherever occurring), substitute “Authority”.
120 Section 34A (heading)
Omit “Corporation”, substitute “Authority”.
121 Section 34A
Omit “Corporation” (wherever occurring), substitute “Authority”.
122 Section 34B
Omit “Corporation”, substitute “Authority”.
123 Section 35 (heading)
Omit “Corporation”, substitute “the Authority”.
124 Section 35
Omit “Corporation” (first and second occurring), substitute “Authority”.
125 Paragraph 35(1)(a)
Omit “under this Act;”, substitute “under this Act, the regulations or any other law; and”.
126 Paragraph 35(1)(aa)
Omit “Corporation Selection Committee” (wherever occurring), substitute “Authority Selection Committee”.
127 At the end of paragraph 35(1)(aa)
Add “and”.
128 Paragraph 35(1)(ab)
Repeal the paragraph, substitute:
in payment to the Commonwealth of amounts payable under subsection 32B(2); and
for the purposes of funding grape or wine research and development activities included in the broad groupings of grape or wine research and development activities specified in an annual operational plan in force when the relevant payments are made; and
in payment to the Commonwealth of amounts payable under section 36; and
129 Paragraph 35(1)(c)
Omit “Corporation”, substitute “Authority”.
130 At the end of paragraph 35(1)(c)
Add “, the regulations or any other law”.
131 After subsection 35(1)
Insert:
Money paid to the Authority under paragraph 32(ae) or (ag) may be applied only for the following purposes:
funding grape or wine research and development activities included in the broad groupings of grape or wine research and development activities specified in an annual operational plan in force when the relevant payments are made;
paying or discharging so much of the expenses, charges, obligations and liabilities incurred or undertaken by the Authority as are attributable to:
the performance of its functions relating to grape or wine research and development; or
the exercise of its powers relating to grape or wine research and development;
paying to the Commonwealth amounts payable under subsection 32B(2);
paying to the Commonwealth amounts payable under subsection 33(5) or (6);
paying to the Commonwealth amounts payable under section 36, where the amounts are in respect of the collection or recovery of amounts referred to in paragraph 32(ae) or (ag).
132 Subsection 35(2)
Omit “Subsection (1) does not”, substitute “Subsections (1) and (1A) do not”.
133 Subsection 35(2)
Omit “Corporation”, substitute “Authority”.
134 After section 35
Insert:
This Act’s bill:Explanatory memorandumSecond reading speech
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