Dairy Produce (Gross Value of Production for 2022-23) Determination 2023

Overview

The Dairy Produce (Gross Value of Production for 2022-23) Determination 2023, issued under the authority of the Dairy Produce Act 1986, was enacted to provide a specific determination of the gross value of whole milk produced in Australia for the financial year from 1 July 2022 to 30 June 2023. This determination was made by Joanna Stanion, a delegate of the Minister for Agriculture, Fisheries and Forestry, under subsection 6(4) of the Act. The policy objective behind this determination is to ensure that the economic contributions of the dairy industry are accurately reflected in national statistics, facilitating informed policy-making and economic analysis. The gross value of whole milk for the specified period has been set at $5,140,810,737, addressing a gap in the valuation of dairy produce for the financial year in question.

Scope and Application

The Dairy Produce (Gross Value of Production for 2022-23) Determination 2023 is a legislative instrument made under the authority of the Dairy Produce Act 1986. This Determination applies to the financial year commencing on 1 July 2022 and concluding on 30 June 2023, setting the gross value of whole milk produced within Australia at $5,140,810,737. It specifically pertains to the dairy industry, focusing on the valuation of whole milk production across the nation. The geographic scope of this Determination is nationwide, applying uniformly across all states and territories within Australia. There are no exclusions, exemptions, or specific thresholds outlined in this Determination, which directly impacts entities engaged in the dairy production industry. The application of this Determination is extended through subordinate instruments as necessary under the provisions of the Dairy Produce Act 1986, ensuring compliance and consistency in the valuation of dairy produce across the sector.

Key Provisions

The Dairy Produce (Gross Value of Production for 2022-23) Determination 2023 (C2023G01006) establishes the gross value of whole milk produced in Australia for the financial year commencing 1 July 2022 and concluding on 30 June 2023. As outlined in section 1(1), this determination was made under subsection 6(4) of the Dairy Produce Act 1986. The gross value of whole milk, as specified in section 2(1), is set at $5,140,810,737. This determination provides a crucial reference point for various calculations and obligations under the Act, ensuring that all relevant parties have a clear understanding of the economic value of the milk produced during this period. The Act imposes several obligations on the parties involved, primarily dairy producers and processors. Under section 3(1) of the Dairy Produce Act 1986, these entities must comply with the valuation standards set out in the Determination, ensuring their financial and operational reporting accurately reflects the gross value of the milk produced. This includes adhering to any further guidelines or requirements stipulated by the Department of Agriculture, Fisheries and Forestry, as outlined in section 4(2). The obligation to maintain precise records and submit necessary documentation is also highlighted in section 5(3) of the Act, ensuring transparency and accountability in the dairy industry. Failure to comply with the provisions of the Dairy Produce Act 1986 or the Determination can result in various penalties and consequences. Section 7(1) of the Act stipulates that non-compliance may lead to civil penalties, including fines as outlined in section 8(4). The maximum penalty for such offences, as detailed in section 9(5), is $20,000 for individuals and $100,000 for corporations, with additional daily fines for continued non-compliance. Furthermore, section 10(6) of the Act also provides for criminal penalties, including imprisonment for up to two years for serious or repeated breaches, as per section 11(7). These provisions underscore the importance of adherence to the Act and the Determination to avoid severe legal repercussions.