Dried Vine Fruits Stabilization Regulations

Overview

The Dried Vine Fruits Stabilization Regulations 1973 were enacted to provide specific details and operational guidelines for the Dried Vine Fruits Stabilization Act 1971. This legislative instrument was introduced to address the need for a structured framework to stabilise prices of dried vine fruits, which was a critical concern for growers and processors in the industry at the time. The regulations were made by the Governor-General in accordance with the advice of the Federal Executive Council, highlighting the importance of this intervention at the national level. The policy objective of these regulations was to ensure a stable market for dried vine fruits, which included setting a base price for the 1972 season to protect the interests of stakeholders within this agricultural sector. The regulations were notified in the Commonwealth Gazette on 15 March 1973, signifying their official promulgation.

Scope and Application

The Dried Vine Fruits Stabilization Regulations, made under the authority of the Dried Vine Fruits Stabilization Act 1971, apply to all entities involved in the production, sale, or export of dried vine fruits within the Commonwealth of Australia. These regulations are specifically tailored to establish a framework for the stabilization of prices for currants, sultanas, and raisins, setting the base price for these commodities for the 1972 season. The act and its regulations are designed to ensure fair and stable market conditions for producers and consumers alike by establishing a controlled price structure. This legislative instrument does not explicitly outline exclusions, exemptions, or thresholds, but its application is inherently tied to the specified base prices and the targeted dried vine fruit commodities. The reach of these regulations is limited to the geographical and jurisdictional boundaries of the Commonwealth of Australia, thus encompassing all relevant activities and transactions within this scope. The act's application may be further extended or detailed through subsequent subordinate instruments, although the current regulations primarily focus on defining the base prices for the designated season.

Key Provisions

The Dried Vine Fruits Stabilization Regulations (1973) set forth the specific provisions and guidelines under the Dried Vine Fruits Stabilization Act 1971. The regulations primarily focus on the determination of base prices for dried vine fruits for a specific season. Section 2 of the Regulations specifies the base price for the 1972 season. It sets the price for currants at $317.96 per ton, for sultanas at $277.96 per ton, and for raisins at $247.96 per ton. These prices are critical for the stabilization and marketing of dried vine fruits during that season. The Act imposes obligations on parties involved in the production, marketing, and sale of dried vine fruits. Specifically, it requires adherence to the base prices set out in the Regulations to ensure a stable market for these products. Producers and marketers must comply with the stipulated prices to avoid any market volatility that could adversely affect the industry. The base prices are intended to provide a predictable economic environment for all stakeholders. Failure to comply with the base prices as set out in these Regulations may result in legal consequences. While the specific penalties are not detailed within the text provided, breaches of regulations under the Dried Vine Fruits Stabilization Act 1971 generally attract penalties that may include fines or other sanctions. The precise penalties can vary based on the severity and nature of the breach, and may be further outlined in the Act or related legal instruments.