Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Thursday, 27 April 1961

3.   - (1.) If the Minister is satisfied, after inquiry and report by the Tariff Board, in respect of goods that are produced or manufactured in a particular country and have been or are being exported to Australia -

(a)   that a subsidy, bounty, reduction or remission of freight or other financial assistance has been or is being paid or granted directly or indirectly upon the production, manufacture, carriage or export of those goods; and

(b)   that the importation of those goods is causing or threatening injury to an Australian industry producing or manufacturing like or directly competitive goods or may hinder the establishment of an Australian industry in connexion with the production or manufacture of like or directly competitive goods, the Minister may cause a notice to be published in the Gazette specifying the goods as to which he is so satisfied. (2.) Upon the publication of a notice under this clause, there shall be charged, collected and paid to the use of the Queen for the purposes of the Commonwealth, on goods specified in the notice imported into Australia, a special duty (in this clause referred to as "the countervailing duty ". (3.) The amount of the countervailing duty in respect of any goods is a sum equal to the amount of the subsidy, bounty, reduction or remission of freight or other financial assistance referred to in sub-clause (1.) of this clause. (4.) If the Minister is of opinion that adequate information as to the amount of subsidy, bounty, reduction or remission of freight or other financial assistance cannot be obtained, the amount of subsidy, bounty, reduction or remission of freight or other financial assistance shall, for the purpose of this clause, be such as is determined by the Minister. (5.) In this clause, " financial assistance " includes the benefit accruing to an exporter from the use of dual or multiple rates of exchange in relation to the proceeds of export sales.







Suggest corrections