Dairy Industry Act 1979 Regulation relating to the calculation of milk prices (1994-229) [GG No 80 of 17.6.1994] (NSW)

1994—No. 229

DAIRY INDUSTRY ACT 1979—REGULATION

(Relating to the calculation of milk prices)

NEW SOUTH WALES

[Published in Gazette No. 80 of 17 June 1994]

HIS Excellency the Governor, with the advice of the Executive Council, and in pursuance of the Dairy Industry Act 1979, has been pleased to make the Regulation set forth hereunder.

I. R. CAUSLEY, M.P.,

Minister for Agriculture and Fisheries.

Commencement

1. This Regulation commences on 17th June 1994.

Amendments

2. The Dairy Industry (Pricing) Regulation 1984 is amended:

by omitting from Table l o f Schedule 1 the following matter:

Distribution/Processing adjustment fund 8.3012

and by inserting instead the following matter:

Prices rationalisation reserve	0.9795
Margin for agent companies (distribution)	7.3217

by omitting from Column 3 of the matter relating to the Publicity allowance in Table 2 of Schedule 1 the matter “CPI—General” and by inserting instead the words “Average male earnings”;

Distribution/Processing adjustment fund and by inserting instead

by omitting from Table 2 of Schedule 1 the matter relating to the

the following matter in Columns 1, 2, 3 and 4, respectively:

1994—No. 229

Prices rationalisation Vehicles General Carting Tariff 0.0119

reserve 1972 Base Surcharge

Agent companies Distribution CPI—General 0.0491

(distribution)

Distribution General Carting Tariff 0.0402

1972 Base Surcharge

EXPLANATORY NOTE

The objects of this Regulation are:

to replace the Distribution/Processing adjustment fund component of the base prices and margins (which are used to calculate milk prices) with 2 separate components, and to make consequential changes to Table 2 (Cost definition by industry sector)

to change the index applying in respect of the Publicity allowance sector in
Table 2 from CPI—General to Average male earnings.

This Regulation i s made under the Dairy Industry Act 1979, including sections

56 and 103 (the general regulation-making power).