Overview

The Gross Value of Production for the Dairy Industry for 2019-20 was established by Cassandra Kennedy, a delegate of the Secretary of the Department of Agriculture, Water and the Environment, under the authority granted by subsection 6(4) of the Dairy Produce Act 1986. This determination sets the Gross Value of Production for the dairy industry at $4,371,436,065 for the specified financial year. The enactment of the Dairy Produce Act 1986 was aimed at providing a regulatory framework for the dairy industry in Australia, ensuring fair practices and supporting the industry's economic contributions. The policy objective behind this specific determination is to establish a transparent and accurate valuation of the industry's production, which aids in the assessment of financial contributions and supports policy-making and industry regulation.

Scope and Application

The Gross Value of Production for the Dairy Industry for 2019-20, as determined by the delegate of the Secretary of the Department of Agriculture, Water and the Environment, applies to the entire dairy industry within Australia. This determination is made pursuant to the provisions of the Dairy Produce Act 1986, specifically under subsection 6(4), which grants the Secretary the authority to set the Gross Value of Production (GVP) for the dairy industry. The specified amount for the GVP in 2019-20 is $4,371,436,065. This legislative instrument binds all entities involved in the dairy industry across the nation, ensuring a standardised valuation for the purposes of regulatory and policy implementation. The legislation extends its application nationally, covering all states and territories, thereby establishing a uniform economic benchmark for the industry. There are no stated exclusions or exemptions in this particular determination, and it stands as a binding figure for all industry participants unless otherwise specified through subordinate instruments or amendments to the Act.

Key Provisions

The key provision of the Gazette C2020G00574 is the determination of the Gross Value of Production (GVP) for the dairy industry for the 2019-20 financial year. This determination is made by Cassandra Kennedy, a delegate of the Secretary of the Department of Agriculture, Water and the Environment, pursuant to subsection 6(4) of the Dairy Produce Act 1986 (subsection 6(4)). The Gross Value of Production for the dairy industry for the specified period is determined to be $4,371,436,065. This determination sets the baseline economic value for the industry, which may be used in various regulatory and policy contexts. The obligations and requirements imposed by the Act on the parties or entities it governs primarily relate to the accurate reporting and determination of the Gross Value of Production. The delegation of this authority to Cassandra Kennedy, as a delegate of the Secretary, ensures that the determination is made with the appropriate level of expertise and authority. The determination must be based on reliable data and methodologies to ensure its accuracy and relevance for industry regulation and policy development. The Act mandates that such determinations be made in a transparent and accountable manner, reflecting the importance of this metric in the broader agricultural sector. In terms of potential breaches and consequences, the Gazette does not explicitly detail specific offences or penalties related to the determination of the Gross Value of Production. However, any failure to comply with the requirements of the Dairy Produce Act 1986, including the accurate reporting and determination of the GVP, could potentially lead to regulatory action. This might include investigations, fines, or other penalties as prescribed by the relevant legislation. The consequences of non-compliance could impact the industry's ability to access subsidies, participate in policy discussions, and meet regulatory standards, thereby affecting its economic stability and operations. Overall, the Gazette C2020G00574 serves to formalise an important economic metric for the dairy industry, ensuring that it is based on reliable and accurate data. The determination process, overseen by a delegate of the Secretary, underscores the importance of this metric in shaping industry policies and regulations. While specific penalties for non-compliance are not detailed in the Gazette itself, the potential repercussions highlight the need for adherence to the requirements set forth by the Dairy Produce Act 1986.