Overview

The Egg Industry Service Provision Act 2002 is an Act of the Parliament of Australia that aims to ensure the provision of services to the egg industry, focusing on research and development activities. The Act was enacted to address the need for financial support and oversight in the industry's growth and sustainability. The determination of the Gross Value of Production for the egg industry for the 2014-15 financial year, as detailed in the Gazette C2015G01187, serves to allocate funds towards research and development initiatives, thereby supporting the industry's ongoing development and innovation. The policy objective of this legislation is to enhance the productivity and competitiveness of the egg industry through targeted investment in research and development.

Scope and Application

The Gross Value of Production for the Egg Industry for 2014-15 Act sets the gross value of production for the egg industry, determining the amount payable for research and development activities. This Act applies directly to the egg industry, specifying a financial threshold of $694,196,667 for the stated financial year. The legislation is issued under the authority of the Minister for Agriculture, indicating its Commonwealth jurisdiction. The specified amount is to be used for funding research and development initiatives within the industry. There are no exclusions or exemptions mentioned within the Act, which suggests that all entities within the egg industry are subject to this determination. The Act does not explicitly mention extensions or restrictions via subordinate instruments, implying that its provisions stand as they are without further legislative amendments or regulations. This legislation ensures that the financial burden for industry-specific research and development is uniformly applied across the sector.

Key Provisions

The gazetted determination by Fran Freeman under the Egg Industry Service Provision Act 2002 (section 10(1)) specifies the Gross Value of Production (GVP) for the egg industry for the financial year 2014-15, which is set at $694,196,667. This figure is crucial as it dictates the amount payable for research and development activities within the industry (section 8(3)). This determination serves as a foundational financial benchmark for the industry's funding needs, ensuring that the allocated resources are proportionate to the industry's economic output for that year. The Egg Industry Service Provision Act 2002 imposes several obligations on the entities it governs. Primarily, it requires the industry to contribute a specific percentage of its gross value of production towards research and development initiatives. This contribution is calculated based on the determined GVP, ensuring that the industry actively participates in enhancing its productivity, sustainability, and innovation (section 8). Furthermore, the Act mandates that the funds collected be utilised transparently and efficiently to support projects that benefit the entire egg industry. Failure to comply with the provisions of the Act can lead to various consequences. While the specific offences and penalties are not detailed in the gazette, breaches of similar legislative acts often result in fines, legal action, or other penalties as prescribed by law. The maximum penalties can vary significantly, typically depending on the severity and frequency of the breach, and may include financial penalties or legal actions that could affect the industry's operations and reputation. It is imperative for entities within the egg industry to adhere strictly to the provisions to avoid any legal repercussions.