17Amount of bounty

#### 17 Amount of bounty (1) The bounty payable to a manufacturer of bountiable equipment A in respect of the normal manufacture of bountiable equipment AA is: (b) where the manufacture of the equipment is completed on or after 1 July 1986 and before 1 July 1991—an amount equal to prescribed percentage 2 of the value added to the equipment by the manufacturer in the course of the normal manufacture of the equipment; or (c) where the condition specified in subsection 16(5) is satisfied during a financial year beginning on a day specified in column 1 of the table set out in subsection (4A)—an amount equal to the percentage appearing in column 2 of that table opposite the financial year of the value added to the equipment by the manufacturer in the course of the normal manufacture of the equipment. (1A) Bounty is not payable to a manufacturer of bountiable equipment A in respect of the normal manufacture of bountiable equipment AA under paragraph (1)(b) where bounty is payable to the manufacturer of bountiable equipment A in respect of bountiable equipment AA under paragraph (1)(c). (2) The bounty payable to a manufacturer of bountiable equipment A in respect of the retrofit manufacture of bountiable equipment that is: (a) a computer controlled machine; (b) a numerically controlled machine; (c) a robotic machine; (d) a machine included in a class of machines in respect of which a declaration under subsection 6(4) is in force; or (e) an independent machine; is: (g) where such a condition is satisfied in relation to the equipment on a day on or after 1 July 1986 and before 1 July 1991—an amount equal to prescribed percentage 4 of the value added to the equipment by the manufacturer in the course of manufacture of the equipment; or (h) during a financial year beginning on a day specified in column 1 of the table set out in subsection (4A)—an amount equal to the percentage appearing in column 3 of that table opposite the financial year of the value added to the equipment by the manufacturer in the course of the retrofit manufacture of the equipment. (3) The bounty payable to a manufacturer of bountiable equipment A in respect of the manufacture of bountiable equipment AB is: (b) where a condition specified: (i) in the case of equipment that is an independent machine—in subsection 16(5); or (ii) in the case of bountiable goods AB—in subsection 16(6); is satisfied in relation to the equipment on a day on or after 1 July 1986 and before 1 July 1991—an amount equal to prescribed percentage 4 of the value added to the equipment by the manufacturer in the course of manufacture of the equipment; or (c) where a condition specified: (i) in the case of equipment that is an independent machine—in subsection 16(5); or (ii) in the case of bountiable goods AB—in subsection 16(6); is satisfied in relation to the equipment on a day during a financial year beginning on a day specified in column 1 of the table set out in subsection (4A)—an amount equal to the percentage appearing in column 3 of that table opposite the financial year of the value added to the equipment by the manufacturer in the course of the manufacture of the equipment. (4) The bounty payable to a modifier of bountiable equipment B in respect of the modification of bountiable equipment B is: (b) where such a condition is satisfied in relation to the equipment on a day on or after 1 July 1986 and before 1 July 1991—an amount equal to prescribed percentage 4 of the value added to the equipment by the modifier in the course of the modification of the equipment; or (c) where such a condition is satisfied in relation to the equipment on a day during a financial year beginning on a day specified in column 1 of the table set out in subsection (4A)—an amount equal to the percentage appearing in column 3 of that table opposite the financial year of the value added to the equipment by the modifier in the course of the modification of the equipment. (4A) In relation to each financial year which begins with a day specified in column 1 of the following Table, the percentages appearing opposite a financial year in columns 2 and 3 are to be used in accordance with this section: | Column 1 | Column 2 | Column 3 | | ----------- | -------- | -------- | | 1 July 1991 | 24% | 20% | | 1 July 1992 | 20% | 17% | | 1 July 1993 | 16% | 14% | | 1 July 1994 | 12% | 11% | | 1 July 1995 | 8% | 8% | | 1 July 1996 | 5% | 5% | (5) In this section: > prescribed percentage 2 means 35% or, if a declaration under subsection 8(2) is in force, the percentage specified in that declaration. > prescribed percentage 4 means 25% or, if a declaration under subsection 8(4) is in force, the percentage specified in that declaration.