Commonwealth legislation

Bounty and Capitalisation Grants (Textile Yarns) Regulations

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

29 of 1991

Collection

legislative instrument

Plain English Summary

2/10 complexity

These regulations set a strict deadline for textile yarn manufacturers to apply for government capitalisation grants (financial assistance to help businesses buy new equipment or upgrade their operations).

What it does:

Creates a limited window for applications under the Bounty and Capitalisation Grants (Textile Yarns) Act 1981.
Applications had to be lodged between when these rules started (February 1991) and 31 December 1991.

Who it affects:

Companies producing textile yarns who wanted to claim government financial assistance to modernise their operations.

Why it matters:

If a company missed the December 1991 cutoff, they lost their opportunity to receive these grants forever, even if they otherwise qualified. This kind of regulation effectively shuts down the grant scheme after the deadline passes.

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Current sections

Direct links to the current provisions in Bounty and Capitalisation Grants (Textile Yarns) Regulations.

Bounty and Capitalisation Grants (Textile Yarns) Regulations

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Statutory Rules 1991 No. 291

__________________

Bounty and Capitalisation Grants

(Textile Yarns) Regulations

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Bounty and Capitalisation Grants (Textile Yarns) Act 1981.

Dated 27 February 1991.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

D. BEDDALL

Minister of State for Small Business and Customs

____________

Citation

These Regulations may be cited as the Bounty and Capitalisation Grants (Textile Yarns) Regulations.

Interpretation

In these Regulations, “the Act” means the Bounty and Capitalisation Grants (Textile Yarns) Act 1981.

Applications for capitalisation grants

For the purposes of paragraph 21B (1) (b) of the Act, the period during which an application under section 21A of the Act must be lodged is the period beginning immediately after the commencement of those provisions and ending on 31 December 1991.

____________________________________________________________

NOTE

Notified in the Commonwealth of Australia Gazette on 6 March 1991.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Bounty and Capitalisation Grants (Textile Yarns) Regulations