Export Market Development Grants Amendment Act 2003
 
No. 58, 2003
 
 
 
 
 
An Act to amend the Export Market Development Grants Act 1997, and for related purposes
  
  
Contents
1............ Short title............................................................................................ 1
2............ Commencement.................................................................................. 2
3............ Schedule(s).......................................................................................... 2
Schedule 1—Amendment of the Export Market Development Grants Act 1997  3
Part 1—Income for the grant year                                                                              3
Part 2—Export earnings                                                                                                 4
Part 3—Provisional grant amount                                                                               5
Part 4—Number of grants payable                                                                            6
Part 5—New market                                                                                                       7
Part 6—Reader’s Guide diagram                                                                                8
Part 7—Application provision                                                                                      9
 

 
 
Export Market Development Grants Amendment Act 2003
No. 58, 2003
 
 
 
An Act to amend the Export Market Development Grants Act 1997, and for related purposes
[Assented to 30 June 2003]
The Parliament of Australia enacts:
1  Short title
                   This Act may be cited as the Export Market Development Grants Amendment Act 2003.
2  Commencement
                   This Act commences on the day on which it receives the Royal Assent.
3  Schedule(s)
                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
 
Schedule 1—Amendment of the Export Market Development Grants Act 1997
Part 1—Income for the grant year
1  Paragraph 7(1)(d)
Omit “$50,000,000”, substitute “$30,000,000”.
2  Paragraph 7(4)(c)
Omit “$50,000,000”, substitute “$30,000,000”.
3  Section 11
Omit “$50,000,000”, substitute “$30,000,000”.
4  Paragraph 53(1)(b)
Omit “$50,000,000”, substitute “$30,000,000”.
 
Part 2—Export earnings
5  Paragraph 7(1)(e)
Repeal the paragraph.
6  Subsection 7(1) (note)
Omit “export earnings,”.
7  Paragraph 7(2)(b)
Repeal the paragraph.
8  Subsection 7(2) (note)
Omit “, grantee and export earnings”, substitute “and grantee”.
9  Paragraph 7(4)(d)
Repeal the paragraph.
10  Subsection 7(4) (note)
Omit “export earnings,”.
11  Subsection 7(5)
Repeal the subsection.
12  Subsection 10(1) (table item 3, column 3)
Omit “(subject to subsection 7(5))”.
 
Part 3—Provisional grant amount
13  Paragraph 63(4)(b)
Omit “$200,000”, substitute “$150,000”.
 
Part 4—Number of grants payable
14  Paragraph 7(1)(c)
Omit “8”, substitute “7”.
15  Paragraph 7(4)(b)
Omit “8”, substitute “7”.
16  Subsection 8(2)
Repeal the subsection.
17  Subsection 63(3) (table item 5, column 2)
Omit “or more”.
 
Part 5—New market
18  List of terms defined in Part 9
Omit “new market”.
19  Section 40 (table item 10)
Repeal the item.
20  Section 50
Repeal the section.
21  Section 107 (definition of new market)
Repeal the definition.
22  Section 113
Repeal the section.
 
Part 6—Reader’s Guide diagram
23  Diagram 2 in the Reader’s Guide
Repeal the diagram, substitute:
Diagram 2—Who is eligible for a grant? (Overview of Part 3)
 
 
Part 7—Application provision
24  Application
The amendments made by this Schedule apply, and are taken to have applied, in relation to a grant year that commences, or commenced, on or after 1 July 2003.
 
 
 
 
 
[Minister’s second reading speech made in—
House of Representatives on 29 May 2003
Senate on 18 June 2003]
 
(72/03)