Forestry Marketing and Research and Development Services (Gross Value of Production for 2024-25) Determination 2025

Overview

The Forestry Marketing and Research and Development Services (Gross Value of Production for 2024-25) Determination 2025, enacted under the Forestry Marketing and Research and Development Services Act 2007, was introduced to provide a clear financial benchmark for the forestry industry's gross value of production for the specified financial year. This Determination was made by Joanna Stanion, acting on behalf of the Minister for Agriculture, Fisheries and Forestry, under the authority granted by subsection 9(4) of the Forestry Act. It was necessitated by the need to ensure that accurate and up-to-date figures are used to support funding and policy decisions within the forestry sector. The policy objective of this Determination is to establish a definitive gross value of production for the Australian forestry industry, ensuring that the financial data used for the purposes of marketing, research, and development is both accurate and reflective of the current economic conditions of the industry. This legislative measure aims to facilitate better planning and resource allocation within the sector, thereby supporting its sustainable growth and development.

Scope and Application

The Forestry Marketing and Research and Development Services (Gross Value of Production for 2024-25) Determination 2025 applies to the Australian forestry industry for the financial year commencing on 1 July 2024 and concluding on 30 June 2025. This Determination, made by Joanna Stanion, the delegate of the Minister for Agriculture, Fisheries and Forestry, establishes the gross value of production for the forestry sector for the specified period, setting it at $2,396,392,266. This figure is crucial as it underpins the funding allocation for marketing and research and development services within the industry. The Determination is made under the authority of the Forestry Marketing and Research and Development Services Act 2007 and is applicable nationally, affecting all entities involved in the forestry industry across Australia. The Determination does not specify exclusions or exemptions but is subject to adjustments through subordinate instruments as necessary.

Key Provisions

The Forestry Marketing and Research and Development Services (Gross Value of Production for 2024-25) Determination 2025, made under subsection 9(4) of the Forestry Marketing and Research and Development Services Act 2007 (referred to as the Forestry Act), establishes the gross value of production for the Australian forestry industry for the financial year beginning on 1 July 2024 and ending on 30 June 2025. Specifically, the determination sets this amount at $2,396,392,266 (section 2). This determination is crucial as it influences the allocation of funds for marketing and research and development services within the forestry sector for the specified financial year. The Forestry Act imposes various obligations on the parties involved in the forestry industry. Section 9(4) of the Act mandates that the delegate of the Minister for Agriculture, Fisheries and Forestry must make this determination each financial year. This determination informs stakeholders of the financial resources available for marketing and research and development activities, ensuring that the forestry industry can operate within the fiscal parameters set by the government. Additionally, the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024 ensures that the Forestry Act continues to apply with necessary adjustments, reflecting current legislative frameworks and fiscal responsibilities. Breaches of the obligations outlined in the Forestry Act may lead to civil or criminal consequences. While the specific offences, penalties, or consequences are not detailed within the text of this determination, it is essential for entities within the forestry industry to comply with the provisions set forth by the Forestry Act and subsequent amendments. Non-compliance could potentially lead to legal actions, including fines or other penalties as stipulated by the Forestry Act. The exact nature and severity of these penalties would be determined by the relevant courts and legislative provisions. This Determination serves as a foundational document for financial planning and compliance within the forestry sector. It ensures that marketing and research and development services are adequately funded, aligning with the industry's gross value of production. The obligations placed upon the delegate of the Minister and the forestry industry stakeholders are clear, aiming to maintain the financial integrity and operational efficiency of the sector. Any deviation from these obligations could result in significant legal and financial repercussions, emphasising the importance of adherence to the provisions of the Forestry Act.