Section 13: Bagasse Transfer Price Fund
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
13. Bagasse Transfer Price Fund
(1) Notwithstanding any other enactment, accruals to planters for
bagasse used for purposes other than the manufacture of sugar provided for
by section 31 (3) and (4) of the Mauritius Cane Industry Authority Act shall
be credited to a Bagasse Transfer Price Fund and distributed to planters, millers and firm power suppliers in the manner specified in the Sixth Schedule.
(2) The planters referred to in subsection (1) shall, for the purpose of distribution of the accruals out of the Bagasse Transfer Price Fund, be
divided into—
(a) a first group consisting of every planter who is also the miller or
who directly or indirectly controls, or is controlled by the
miller; and
(b) a second group consisting of all other planters.
(3) In this section—
“firm power supplier” means a miller or a power station located in a
sugar factory operated by the miller or a power company who has a firm
power supply contract with the Central Electricity Board constituted under
the Central Electricity Board Act.
S49 – 11 [Issue 9]
Sugar Industry Efficiency Act