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Thursday, 25 November 1965

Mr BURY (Wentworth) (Minister for Housing) .- I move-

That the Bill be now read a second time. In my speech introducing the Sulphurio Acid Bounty Bill, I mentioned that it is intended to extend the period of operation of the Pyrites Bounty Act 1960-1965. The extension is to be to 30th June 1969. I have already outlined the reasons for the proposed continuation. To conform with present practice followed in bounty legislation, the Bill proposes several amendments to the Act. First, the treatment of the profit limitation provision has been clarified in those cases where the financial years of the claimants do not coincide exactly with the bounty periods so that the claimant's financial year may be taken as the bounty year. Also, provision has been made for the delegation of powers by the Minister or the Comptroller-General and that returns to Parliament, under the Act, are to be in respect of years ending on 30th June. I commend the Bill to honorable members.

Debate (on motion by Mr. Pollard) adjourned.

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