9Certain circumstances in which bounty is not payable

9 Certain circumstances in which bounty is not payable

(1) Bounty is not payable in respect of the construction or modification of a bountiable vessel that the Secretary is satisfied was, or will be, upon completion of that construction or modification, and after 1 July 1990, exported, either directly or indirectly through another country or other countries, to New Zealand. (2) Subject to subsection (3), bounty is not payable in respect of a bountiable vessel that is constructed or modified by or for the Commonwealth or a Commonwealth authority. (3) Subsection (2) shall not be taken to apply in any circumstances where the Commonwealth or a Commonwealth authority is the legal owner of a vessel as constructed or modified by reason of the Commonwealth or that authority having entered into an arrangement to provide funds for the construction or modification to a person, other than a Commonwealth authority, who has a beneficial interest in the vessel. (4) Bounty is not payable on the construction of a vessel if bounty has been paid in respect of that construction under the Ship Construction Bounty Act 1975 or the Bounty (Ships) Act 1980. (5) Bounty is not payable on the modification of a vessel if bounty has been paid in respect of that modification under the Ship Construction Bounty Act 1975, the Bounty (Ships) Act 1980 or the Bounty (Ship Repair) Act 1986.