Section 38A: Deficit in Fire Insurance Account
This section is inserted by Finance Act 2019, section 53.
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
38A. Deficit in Fire Insurance Account
Notwithstanding section 38(2), any deficit in the
Fire Insurance Account as at 31 December 2016 shall be offset
by a transfer from the General Insurance Account.
(j) in section 47(1), by deleting the words “Mauritius Sugar
Authority” and replacing them by the words “Mauritius Cane
Industry Authority”;
(k) in section 57, by adding the following new subsections –
(6) Notwithstanding section 3(3)(a), the Board shall,
subject to subsection (4), pay a one-off financial assistance
to a planter or métayer for the crop year beginning on
1 June 2017 and ending on 31 May 2018 amounting to a sum of
1,250 rupees per tonne of sugar accrued or part thereof.
(7) Notwithstanding sections 3(3)(a) and 57(6),
the Board shall, subject to subsection (4), pay an additional
one-off financial assistance for the crop year beginning on
1 June 2017 and ending on 31 May 2018 amounting to one
third of 257 rupees per tonne of sugarcane or part thereof to a
planter or métayer having total sugar accrued not exceeding
60 tonnes.
(l) in the Third Schedule, in the sixth item, by deleting the words
“(before application of First Loss)”.
394 Acts 2019