This Act may be cited as the Primary Industries and Energy Research and Development Amendment Act 2001.

This Act commences, or is taken to have commenced, on 1 July 2001.

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Primary Industries and Energy Research and Development Act 1989

1 Subsection 31(1)

Omit “Subject to subsection (4), where:”, substitute “If:”.

2 Subsection 31(4)

Repeal the subsection.

3 Saving

The amendments of Primary Industries and Energy Research and Development Act 1989 by this Schedule do not increase the amount that an R&D Corporation established in respect of forest industries is entitled to be paid under paragraph 30(1)(b) of that Act on the basis of amounts paid to the Corporation under subparagraphs 30(1)(a)(i) and (ii) of that Act before 1 July 2001.section 31 of the

4 Subsection 32(1)

Omit “subsections (3) and (4),”, substitute “subsection (3),”.

5 Subsection 32(4)

Repeal the subsection.

6 Application

(6/01)

The amendments of Primary Industries and Energy Research and Development Act 1989 by this Schedule apply to each financial year starting on or after 1 July 2001.section 32 of the

[Minister’s second reading speech made in—

House of Representatives on 1 March 2001

Senate on 29 March 2001]