Commonwealth: Export Market Development Grants Amendment Act 2003 (Cth)

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 2 Commencement 3 Schedule(s) Schedule 1—Amendment of the Export Market Development Grants Act 1997 Part 1—Income for the grant year Part 2—Export earnings Part 3—Provisional grant amount Part 4—Number of grants payable Part 5—New market Part 6—Reader's Guide diagram Part 7—Application provision 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on which it receives the Royal Assent. 3 Schedule(s) Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.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)