An Act to amend the Forestry Restructuring and Nature Conservation Act 1995 to make further provision for expenditure on forest industry restructuring.
1 Name of Act
This Act is the Forestry Restructuring and Nature Conservation Amendment Act 1999.
2 Commencement
This Act commences on a day or days to be appointed by proclamation.
The Forestry Restructuring and Nature Conservation Act 1995 is amended as set out in Schedule 1.
Schedule 1 Amendments
(Section 3)
[1] Section 6 Limits on payments from the Fund
Omit “$60.0 million” from section 6 (1) (a). Insert instead “$80.0 million”.
[2] Section 7 Sunset on payments
Omit “30 June 2001” from section 7 (b). Insert instead “30 June 2006”.
[3] Section 11 Minister to report on payments from the Fund
Insert “(or, in the case of forestry industry restructuring expenditure, the period to 30 June 2006)” after “30 June 2001” in section 11 (2).