Beef Production Levy Regulations (Amendment) 1993 No. 10
EXPLANATORY STATEMENT
STATUTORY RULES 1993 No. 10
Issued by the Authority of the Minister for Primary Industries and Energy
Beef Production Levy Act 1990
Beef Production Levy Regulations (Amendment)
The Beef Production Levy Act 1990 (the Act) imposes a levy on the slaughter of cattle. The levy consists of two components, which raise funds for the following purposes:
(a) financing of the Australian Meat and Live-stock Corporation (AMLC); and
(b) financing of the Meat Research Corporation (MRC).
These regulations will implement recommendations from the AMLC and MRC to reduce their respective levy components because of higher than expected collections from the levy since its introduction on 1 February 1991. As required by the Act, the recommendations were endorsed by each Corporation's annual general meeting, which were held in November 1992. The rate decreases will be effective from 1 March 1993.
The present and proposed operative rates of levy and the prescribed maximum rates are as follows:
| Present rates | Proposed rates | Prescribed |