Forestry Marketing and Research and Development Services (Gross Value of Production for 2022-23) Determination 2023

Overview

The Forestry Marketing and Research and Development Services (Gross Value of Production for 2022-23) Determination 2023 was enacted in 2023 to address the need for accurate and up-to-date financial data for the Australian forestry industry. This Determination was made under subsection 9(4) of the Forestry Marketing and Research and Development Services Act 2007 by Joanna Stanion, as a delegate of the Minister for Agriculture, Fisheries and Forestry. The primary objective of this Determination is to establish the gross value of production of the forestry industry for the financial year commencing on 1 July 2022 and ending on 30 June 2023. The gross value of production for this period is set at $2,317,339,361, providing a critical benchmark for funding allocations and policy decisions related to the forestry sector. This legislative instrument is essential for ensuring that the Australian forestry industry receives appropriate support and funding for marketing and research and development initiatives, facilitating its continued growth and sustainability. By accurately determining the gross value of production, the Determination helps in the equitable distribution of resources within the sector, thereby contributing to the overall economic and environmental objectives of the Forestry Marketing and Research and Development Services Act 2007.

Scope and Application

The Forestry Marketing and Research and Development Services (Gross Value of Production for 2022-23) Determination 2023 sets out the gross value of production for the Australian forestry industry in the financial year from 1 July 2022 to 30 June 2023, as determined by Joanna Stanion, a delegate of the Minister for Agriculture, Fisheries and Forestry. This determination is made under subsection 9(4) of the Forestry Marketing and Research and Development Services Act 2007. The stated gross value of production for the specified period is $2,317,339,361, which provides a quantifiable basis for funding and resource allocation for marketing and research and development services within the forestry sector. The determination applies nationally across Australia and is intended to ensure that the forestry industry's contributions and needs are accurately represented in funding allocations and policy-making processes. The scope of this determination is limited to the financial year mentioned and does not extend to other fiscal periods or different types of industry contributions.

Key Provisions

The Forestry Marketing and Research and Development Services (Gross Value of Production for 2022-23) Determination 2023, made by Joanna Stanion under the authority of subsection 9(4) of the Forestry Marketing and Research and Development Services Act 2007, establishes the gross value of production (GVP) for the Australian forestry industry for the financial year 2022-23. According to section 1 of the Determination, this value is set at $2,317,339,361. This figure is essential for various statutory obligations and funding allocations related to forestry marketing and research and development services, as outlined in the parent Act. Under this Determination, certain obligations and requirements are placed upon the forestry industry and related entities. These entities must use the specified GVP figure for calculating their contributions towards forestry marketing and research initiatives. This ensures that funding is distributed based on a standardised and accurate valuation of the industry's output, fostering equitable and effective support mechanisms. Furthermore, the GVP figure is integral for compliance with reporting requirements, ensuring transparency and accountability in the allocation and utilisation of funds. In terms of enforcement and consequences, the Act provides for various penalties and consequences in the event of non-compliance with its provisions. While the Determination itself does not explicitly detail these penalties, breaches of the Forestry Marketing and Research and Development Services Act 2007 can lead to significant civil and criminal consequences. For instance, failure to accurately report or utilise the GVP figure could result in financial penalties, legal action, and potential criminal charges for individuals or entities found guilty of fraudulent behaviour. The exact penalties would depend on the specific nature and severity of the breach, but they could include substantial fines and, in severe cases, imprisonment. Additionally, any party found to be in non-compliance with the statutory obligations may face enforcement actions by the Minister or relevant authorities. These actions could include directives to correct the non-compliance, audits of financial records, or even the suspension of funding until compliance is achieved. The overarching aim of these provisions is to ensure that the forestry industry operates within the legal framework designed to support its growth and sustainability, while also holding all stakeholders accountable for their roles and responsibilities.