Bounty (Fuel Ethanol) Act 1994
14Production allocation for years 2 and 3 for a person registered for years 1, 2 and 3
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14 Production allocation for years 2 and 3 for a person registered for years 1, 2 and 3
(1) Subject to subsections (2) and (3) and to compliance with any prescribed conditions under section 23, a person who is registered for years 1, 2 and 3 (the registered producer) is taken to have the production allocations for years 2 and 3 as set out in the following table:
| Bounty Year | Production Allocation |
|---|---|
| year 2 | 90% of the registered producer’s production allocation for year 1 |
| year 3 | 90% of the registered producer’s production allocation for year 2 |
Note: In relation to the effect of additional allocations see subsections 16(1) and 20(1).
(2) Subject to subsection (3) and to compliance with any prescribed conditions under section 23, if a registered producer produces in year 1 less bountiable fuel ethanol than the producer’s production allocation for that year, the producer is taken to have production allocations for years 2 and 3 as set out in the following table:
| Bounty Year | Production Allocation |
|---|---|
| year 2 | 90% of the registered producer’s production of bountiable fuel ethanol in year 1 |
| year 3 | 90% of the registered producer’s production allocation for year 2 |
Note: In relation to the effect of additional allocations see subsections 16(2) and 20(2).
(3) Subject to compliance with any prescribed conditions under section 23, if a registered producer produces less bountiable fuel ethanol in year 2 than the producer’s production allocation for that year, the producer is taken to have a production allocation for year 3 of 90% of the producer’s production of bountiable fuel ethanol in year 2.
Note: In relation to the effect of additional allocations see subsection 20(2).