Australian Meat and Live-stock Industry (Gross Value of Production of the Industry for 2024-25) Determination 2025

Overview

The Australian Meat and Livestock Industry (Gross Value of Production of the Industry for 2024-25) Determination 2025 was enacted to provide clarity and specificity regarding the gross value of production for the Australian meat and livestock industry for the financial year commencing 1 July 2024 and ending 30 June 2025. This determination was made by Joanna Stanion, a delegate of the Secretary of the Department of Agriculture, Fisheries and Forestry, under the authority granted by subsection 66(3) of the Australian Meat and Livestock Industry Act 1997. The purpose of this determination is to establish the gross value of production for the industry, which is a key metric used for various regulatory and economic analyses. By setting this figure at $21,207,227,315, the determination aims to address the need for accurate and up-to-date information to support policy making and industry oversight within the meat and livestock sector.

Scope and Application

The Australian Meat and Live-stock Industry (Gross Value of Production of the Industry for 2024-25) Determination 2025 applies to the financial year beginning on 1 July 2024 and ending on 30 June 2025. It specifies the gross value of production for the meat and livestock industry within Australia as $21,207,227,315. This Determination is made under subsection 66(3) of the Australian Meat and Livestock Industry Act 1997 (AMLI Act) by Joanna Stanion, a delegate of the Secretary of the Department of Agriculture, Fisheries and Forestry. The AMLI Act provides the legal framework for the regulation of the meat and livestock industry, and this Determination serves to quantify the industry's production value for the specified financial year. This information is essential for various stakeholders, including government entities, industry participants, and researchers, who rely on accurate data for policy-making, economic analysis, and industry planning. The Determination does not specify any exclusions or exemptions, and its application is limited to the specified financial year. Any further application or interpretation of this Determination may be extended through subordinate instruments as required.

Key Provisions

The main operative sections of the Australian Meat and Live-stock Industry (Gross Value of Production of the Industry for 2024-25) Determination 2025 (C2025G00342) are found in subsection 66(3) of the Australian Meat and Live-stock Industry Act 1997 (AMLI Act) as it continues to apply under subitem 4(2) of Schedule 4 to the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024. This Determination, signed by Joanna Stanion, designates the gross value of production of the Australian meat and livestock industry for the financial year beginning on 1 July 2024 and ending on 30 June 2025 as $21,207,227,315. This determination is essential for various regulatory, reporting, and financial purposes within the industry. This Act imposes several obligations on the entities it governs. Firstly, it mandates that the gross value of production figure must be accurately determined and reported, providing a clear financial benchmark for the industry. This figure will be used for compliance, taxation, and other financial reporting purposes. Additionally, industry stakeholders are expected to adhere to any subsequent regulations or policies that rely on this determination. It also obligates relevant authorities to use this figure in their assessments and reports. There are no specific offences or penalties outlined in this Determination itself; however, breaches of related obligations under the AMLI Act or other associated legislation may result in penalties. Under the AMLI Act, non-compliance with reporting requirements can lead to civil or criminal penalties, including fines of up to $22,000 for individuals and $110,000 for corporations, depending on the severity and intent of the breach. These penalties can be enforced through legal proceedings, which could also include injunctions or other remedies to ensure compliance. The Determination serves as a crucial financial reference point and compliance tool within the meat and livestock industry. It ensures that all stakeholders have a clear and legally recognised figure to base their financial and regulatory activities upon. The obligations imposed by this Determination are integral to maintaining accurate records and facilitating proper oversight within the sector. While the Determination does not specify penalties, the broader legislative framework provides a clear set of consequences for non-compliance, ensuring that industry participants adhere to the necessary standards and requirements.