Commonwealth Consolidated Acts

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PRIMARY INDUSTRIES RESEARCH AND DEVELOPMENT ACT 1989 - SECT 36

Transfers of money where levies redirected

  (1)   Where:

  (a)   a levy becomes attached to an R&D Corporation; and

  (b)   immediately before becoming so attached, the levy was attached to another R&D Corporation (in this subsection called the other Corporation );

the other Corporation must pay to the first - mentioned Corporation an amount equal to so much of the other Corporation's money as is attributable to money paid to the other Corporation:

  (c)   as a result of the levy being attached to the other Corporation; or

  (d)   as a result of the other Corporation being established in respect of the primary industry or class of primary industries to which the levy relates.

  (3)   Where 2 R&D Corporations are unable to agree on:

  (a)   whether one of them is required to pay money to the other under this section; or

  (b)   the amount of money that one of them is required to pay to the other under this section;

the amount (if any) that is required to be paid is an amount determined by the Minister.



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