Dairy Adjustment Levy Termination Act 2008 (123 of 2008)

Schedule 1   Amendment of the Dairy Produce Act 1986

Part 3   Winding up the Dairy Structural Adjustment Fund

8   After clause 77A of Schedule 2

Insert:

77AA Winding up the Dairy Structural Adjustment Fund

(1) The Minister may, by written notice, specify a day or days on which there is to be paid to the Commonwealth an amount specified in the notice and standing, at the beginning of that day, to the credit of the Dairy Structural Adjustment Fund.

(2) The amount specified in the notice and standing to the credit of the Dairy Structural Adjustment Fund at the beginning of the day specified in the notice is to be paid to the Commonwealth.

(3) If no amount is standing to the credit of the Dairy Structural Adjustment Fund immediately after the time an amount has been paid under subclause (2), that Fund is taken to be wound up immediately after that time.

(4) A notice made under subclause (1) is not a legislative instrument.