SUGAR (RESERVE FUNDS) ACT

ARRANGEMENT OF SECTIONS

   1   Short title

   2   Interpretation

   3   Establishment of Funds

   4   Exporter to pay part of proceeds of sale of sugar to Government of Jamaica

   5   Statutory deductions

   6   Disposal of moneys

   7   Power of Minister to transfer moneys from one Fund to another

   8   [Deleted by Act 28 of 2003 s 2.]

   9   Regulations

   10   Penalty

   11   Functions may be performed by other Minister

 

THE SUGAR (RESERVE FUNDS) ACT

[Date of Commencement: 1st January, 1947]

Cap 373.

Laws
32 of 1953,
45 of 1954.

Acts
30 of 1963,
42 of 1969,
28 of 2003.

1   Short title

   This Act may be cited as the Sugar (Reserve Funds) Act.

2   Interpretation

   In this Act unless the context otherwise requires-

   "crop year" means the period of twelve months commencing on the 1st of December in each year and ending on the 30th of November in the succeeding year:

[32/1953 s 2.]

   "exporter" means any person who is the holder of an export licence under the Sugar Industry Control Law;

   "the Minister" means the Minister responsible for the Sugar Industry.

[30/1963 s 2(b).]

3   Establishment of Funds

   (1) There are hereby created a Sugar Price Stabilization Fund, a Sugar Industry Capital Rehabilitation Fund and a Sugar Industry Labour Welfare Fund.

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