Overview

The Gross Value of Production for the Dairy Industry for 2013-14 Act 2014, as enacted by the Australian Government, addresses the need to determine the financial value of production within the dairy industry for the specific financial year to ensure appropriate funding for research and development activities. This Act was introduced to provide a clear and legally determined figure that can be used to allocate resources effectively towards enhancing the industry's productivity and innovation. The policy objective, as expressed in the Act, is to support the growth and sustainability of the dairy industry by providing a transparent and accountable basis for funding research initiatives that can improve overall industry performance. Enacted by the Australian Government, this legislation underscores the importance of accurate valuation in facilitating targeted investments in the sector.

Scope and Application

The Gross Value of Production for the Dairy Industry for 2013-14, as determined by the delegate of the Minister for Agriculture, Matthew Koval, under the authority granted by the Dairy Produce Act 1986, applies to the entire dairy industry within Australia. This determination is made to establish the financial contributions that industry participants must make towards research and development activities. The Gross Value of Production is set at $4,079,576,667, and this figure will be used to calculate the levies and fees imposed on dairy producers and processors to support industry-wide research initiatives. The application of this Act is nationwide, ensuring that all entities involved in dairy production across the Commonwealth adhere to the financial obligations outlined. The Act does not explicitly mention any exclusions, exemptions, or thresholds, but it is understood that the obligations will be proportionate to the size and scope of the entity's operations within the dairy sector.

Key Provisions

The main operative sections of the legislation, C2014G01305 (Gazette), determine the Gross Value of Production (GVP) for the dairy industry for the 2013-14 financial year. Section 10(1) of the Dairy Produce Act 1986 authorises the Minister for Agriculture's delegate, in this instance Matthew Koval, to make such a determination. The GVP for the dairy industry for the specified period is set at $4,079,576,667, which will be used for research and development activities (Section 6(4)). This determination is crucial as it underpins funding allocations for industry-specific research initiatives. The Act imposes certain obligations and requirements on the parties involved. Matthew Koval, as the delegate of the Minister for Agriculture, must ensure that the GVP determination is made accurately and in accordance with the provisions of the Dairy Produce Act 1986. The determination must reflect the true economic value of the dairy industry's production for the year in question, which involves gathering and analysing relevant data. The Act requires transparency and adherence to the statutory framework, ensuring that the GVP figure is both reliable and justifiable. Failure to comply with the provisions of the Act can result in legal consequences. Although the specific offences and penalties are not detailed in this gazette, under the Dairy Produce Act 1986, breaches of statutory duties or misrepresentation of data could lead to penalties. These might include fines or other sanctions as prescribed by the Act. The exact penalties would depend on the severity and intent behind the breach, with potential maximum penalties outlined in relevant sections of the Act. It is crucial for all parties to understand and adhere to these requirements to avoid any legal repercussions.