Div 2Wool Industry Supplementary Payments Scheme

Division 2—Wool Industry Supplementary Payments Scheme

Guidelines for payments to wool producers

22. (1) The Minister may, by notice in the Gazette, issue guidelines for and in relation to the making of supplementary payments to wool producers in respect of wool described in the guidelines.

(2) Guidelines issued by the Minister under section 140 of the repealed Act and in force immediately before the commencement of this Act continue to have effect as if they were guidelines issued under subsection (1).

Commission must make payments to wool producers

23. (1) During the period commencing on 1 July 1991 and ending on a day to be fixed by Proclamation, the Commission must make payments to wool producers in accordance with guidelines in force under section 22.

(2) The payments are to be made out of money standing to the credit of the Stockpile Fund (whatever the source of that money).

(3) This section does not prevent money standing to the credit of the Stockpile Fund from being used for any other purpose authorised by this Act and consistent with this Part.

Appropriation for Stockpile Fund

24. (1) The Minister may authorise the payment to the Commission, as assistance for the purposes of section 23, of amounts not exceeding in the aggregate the difference between:

(a) $300,000,000; and

(b) the sum of the amounts authorised and paid under section 142 of the repealed Act.

(2) Any payment authorised under subsection (1) is to be made out of the Consolidated Revenue Fund, which is appropriated accordingly.

(3) The Commission must keep accounts, in accordance with guidelines in force under section 22, in relation to money paid under this section.