Forestry Marketing and Research and Development Services (Gross Value of Production for 2023-24) Determination 2024

Overview

The Forestry Marketing and Research and Development Services (Gross Value of Production for 2023-24) Determination 2024 was enacted by Joanna Stanion, a delegate of the Minister for Agriculture, Fisheries and Forestry, under the authority of the Forestry Marketing and Research and Development Services Act 2007. This determination was introduced to address the need for accurate and timely assessment of the gross value of production (GVP) for the Australian forestry industry, specifically for the financial year starting 1 July 2023 and ending 30 June 2024. The determination sets the GVP for this period at $2,341,194,411, which is crucial for the allocation of funds under the Act, ensuring that marketing and research and development services are appropriately funded based on the industry's economic output. The policy objective of this determination is to provide a clear and quantifiable measure of the forestry industry's production value to support informed decision-making and resource allocation.

Scope and Application

The Forestry Marketing and Research and Development Services (Gross Value of Production for 2023-24) Determination 2024 applies to the forestry industry in Australia, providing a specific figure for the gross value of production for the financial year starting on 1 July 2023 and ending on 30 June 2024, which is set at $2,341,194,411. This Determination is issued under the authority of the Forestry Marketing and Research and Development Services Act 2007 and serves to quantify the economic contribution of the forestry sector, influencing the allocation of funds for marketing and research and development services. The geographic reach of this Determination encompasses the entirety of the Australian forestry industry, which spans across multiple states and territories, thereby affecting a wide range of entities engaged in forestry activities. While the Determination itself does not explicitly detail exclusions or exemptions, it is subject to the overarching provisions of the Forestry Marketing and Research and Development Services Act 2007, which may contain specific exclusions or exemptions applicable to certain entities or activities within the industry. The determination is made by Joanna Stanion, as a delegate of the Minister for Agriculture, Fisheries and Forestry, and is effective from the date of its issuance.

Key Provisions

The Forestry Marketing and Research and Development Services (Gross Value of Production for 2023-24) Determination 2024 (C2024G00497) specifies the gross value of production (GVP) for the Australian forestry industry for the financial year starting on 1 July 2023 and ending on 30 June 2024. According to section 1(1) of the Determination, the GVP for this period is set at $2,341,194,411. This figure is crucial for the purposes of subsection 9(4) of the Forestry Marketing and Research and Development Services Act 2007, which necessitates this determination to be made annually. The GVP figure, as provided, will serve as a basis for the allocation of funds for marketing and research and development services within the forestry sector. The Act imposes certain obligations on the relevant parties. Under the Forestry Marketing and Research and Development Services Act 2007, entities such as forestry operators and industry bodies must ensure compliance with the GVP determination as stipulated in the Act. This includes utilising the GVP figure for financial planning and reporting in alignment with the legislative requirements. Additionally, the Minister for Agriculture, Fisheries and Forestry, through their delegate, Joanna Stanion, is responsible for making this determination annually, ensuring that the GVP is accurately assessed and communicated to relevant stakeholders. The Act also mandates that the determination be published in the Commonwealth Gazette, thereby ensuring transparency and accessibility of the information to the public and industry participants. The Determination does not explicitly outline offences, penalties, or consequences for breach within its text. However, the overarching Act under which this Determination is made may contain provisions that could lead to penalties for non-compliance with the requirements for determining and reporting the GVP. Typically, under the Forestry Marketing and Research and Development Services Act 2007, any failure to adhere to the legislative requirements for the determination of the GVP could result in civil or administrative penalties. The exact penalties would depend on the specific provisions of the Act and any applicable regulations, which could include fines or other corrective actions. It is essential for all parties involved to ensure compliance to avoid any potential legal repercussions.