Bounty and Capitalisation Grants (Textile Yarns) Act 1981
6Amount of bounties
Start here
Get a plain-English read of 6
Turn the raw legal text into a practical explanation grounded in Bounty and Capitalisation Grants (Textile Yarns) Act 1981.
6 Amount of bounties
(1) The bounty payable to a producer of bountiable yarn, being continuous polyamide and polyester yarn, in respect of the yarn is an amount equal to: (a) where the condition specified in paragraph 5(5)(c) is satisfied in relation to the yarn before 20 August 1986—59% of the additional value added to the yarn by that producer; and (b) where that condition is satisfied in relation to that yarn: (i) on or after 20 August 1986 and before 1 March 1989—47.2%; and (ii) on and after 1 March 1989 and before 1 July 1992—42.5%; of the additional value added to the yarn by that producer. (2) The bounty payable to a producer of bountiable yarn, being: (a) discontinuous fine acrylic yarn; (b) worsted wool yarn; or (c) man‑made fibre and wool blend yarn, other than yarn that has been used, or is proposed to be used, in the production of carpet; in respect of the yarn is an amount equal to: (d) where the condition specified in paragraph 5(5)(c) is satisfied in relation to the yarn before 20 August 1986—49% of the additional value added to the yarn by that producer; and (e) where that condition is satisfied in relation to that yarn: (i) on or after 20 August 1986 and before 1 March 1989—39.2%; (ii) on or after 1 March 1989 and before 1 March 1990—38%; (iii) on or after 1 March 1990 and before 1 March 1991—36%; and (iv) on or after 1 March 1991 and before 1 July 1992—34%; of the additional value added to the yarn by that producer. (3) The bounty payable to a producer of bountiable yarn, being polyester‑cotton yarn, in respect of the yarn is an amount equal to: (a) where the condition specified in paragraph 5(5)(c) is satisfied in relation to the yarn before 20 August 1986—52% of the additional value added to the yarn by that producer; and (b) where that condition is satisfied in relation to the yarn: (i) on or after 20 August 1986 and before 1 March 1989—41.6%; (ii) on or after 1 March 1989 and before 1 March 1990—39%; (iii) on or after 1 March 1990 and before 1 March 1991—37%; (iv) on or after 1 March 1991 and before 1 March 1992—35%; and (v) on or after 1 March 1992 and before 1 July 1992—33%; of the additional value added to the yarn by that producer. (4) The bounty payable to a producer of bountiable yarn, being: (a) cotton yarn; or (b) yarn that is bountiable yarn by virtue of paragraph (h) of the definition of bountiable yarn in subsection 2(1), other than yarn that has been used, or is proposed to be used, in the production of carpet; in respect of the yarn is an amount equal to: (c) where the condition specified in paragraph 5(5)(c) is satisfied in relation to the yarn before 20 August 1986—43% of the additional value added to the yarn by that producer; and (d) where that condition is satisfied in relation to the yarn: (i) on or after 20 August 1986 and before 1 March 1989—34.4%; (ii) on or after 1 March 1989 and before 1 March 1990—34%; (iii) on or after 1 March 1990 and before 1 March 1991—33%; (iv) on or after 1 March 1991 and before 1 March 1992—32%; and (v) on or after 1 March 1992 and before 1 July 1992—31%; of the additional value added to the yarn by that producer. (5) The bounty payable to a producer of bountiable yarn, being: (a) discontinuous coarse acrylic yarn; (b) man‑made fibre and wool blend yarn that has been used, or is proposed to be used, in the production of carpet; (c) yarn that is bountiable yarn by virtue of paragraph (h) of the definition of bountiable yarn in subsection 2(1) and that has been used, or is proposed to be used, in the production of carpet; or (d) yarn that is bountiable yarn by virtue of paragraph (j) or (k) of that definition; in respect of the yarn is an amount equal to: (e) where the condition specified in paragraph 5(5)(c) is satisfied in relation to the yarn before 20 August 1986—33% of the additional value added to the yarn by that producer; and (f) where that condition is satisfied in relation to the yarn: (i) on or after 20 August 1986 and before 1 March 1989—26.4%; (ii) on or after 1 March 1989 and before 1 March 1990—27%; (iii) on or after 1 March 1990 and before 1 March 1991—28%; (iv) on or after 1 March 1991 and before 1 March 1992—29%; and (v) on or after 1 March 1992 and before 1 July 1992—30%; of the additional value added to the yarn by that producer. (6) Where the condition specified in paragraph 5(5)(c) in relation to the production of bountiable yarn is satisfied on or after 1 July 1992 and before 1 July 1995, the bounty payable to the producer of that yarn is an amount equal to: (a) if the condition is satisfied in relation to that yarn on or after 1 July 1992 and before 1 July 1993—30%; and (b) if the condition is satisfied in relation to that yarn on or after 1 July 1993 and before 1 July 1994—22%; and (c) if the condition is satisfied in relation to that yarn on or after 1 July 1994 and before 1 July 1995—15%; of the additional value added to the yarn by that producer.