6Wool in respect of which deficiency payments payable

6.—(1.) Subject to this Act, a deficiency payment under this Act is payable by the Commonwealth in respect of the production of wool, other than excluded wool, being—

(a) wool, other than P.A.P. wool, that, during the prescribed period, is—

(i) sold by the producer in Australia at an auction or by means of a sale by tender; or

(ii) otherwise sold by the producer and delivered in Australia to or as directed by the purchaser;

(b) wool that, having become P.A.P. wool at any time before the twenty-third day of June, One thousand nine hundred and seventy-two, upon its submission to a registered broker or registered wool classing house on behalf of the producer, is, in the course of realization of the relevant pool—

(i) sold at an approved auction during the prescribed period; or

(ii) sold to the Commission after the thirtieth day of September, One thousand nine hundred and seventy-one (whether before or after the end of the prescribed period);

(c) wool that is used in manufacture in Australia by the producer during the prescribed period; or

(d) wool that is exported from Australia by or on behalf of the producer, where the entry of the wool for export under the Customs Act 1901–1971 is made during the prescribed period.

(2.) A deficiency payment does not become payable by reason of a sale referred to in paragraph (a) of the last preceding sub-section unless—

(a) the sale is at an auction conducted by a registered broker;

(b) the sale is a sale by tender made through the agency of a registered seller by tender;

(c) the sale is to a registered merchant or to the Commission; or

(d) where none of the preceding paragraphs of this sub-section applies, the wool is, whether during or after the prescribed period, delivered (whether or not by the person who purchased it from the producer) to a registered person.

(3.) Where a deficiency payment has become payable in respect of any wool by reason of an act or transaction, a further deficiency payment is not payable in respect of the same wool by reason of a subsequent act or transaction.

(4.) Where wool has been sold by the producer, whether before or during the prescribed period, a deficiency payment does not become payable by reason of a further sale of that wool by that producer.

(5.) A deficiency payment is not payable in respect of wool of which a person carrying on business as a butcher of sheep is the producer unless the sheep from which the wool was shorn were kept by that person for the purpose of the production of shorn wool for a period of not less than three months immediately preceding the day on which the shearing of the wool was commenced.