GROSS VALUE OF PRODUCTION FOR THE
EGG INDUSTRY FOR 2016-17
I, FRAN FREEMAN, a delegate of the Minister for Agriculture and Water Resources under subsection 10(1) of the Egg Industry Service Provision Act 2002, in accordance with subsection 8(3) of that Act, hereby determine the following amount to be the Gross Value of Production for 2016-17:
INDUSTRY | GVP |
Egg | $739,939,601 |
Dated this 21st day of June 2017
FRAN FREEMAN
First Assistant Secretary
Agricultural Policy Division
Overview
The Egg Industry Service Provision Act 2002, enacted by the Parliament of Australia, was introduced to provide a legal framework for the service provision and regulation of the egg industry, addressing the need for a structured approach to the industry's service and production. This Act empowers the Minister for Agriculture and Water Resources to delegate specific responsibilities, such as determining the Gross Value of Production for a given financial year, to a delegate. The policy objective of this Act is to ensure the efficient and effective operation of the egg industry, including its financial oversight and service provision. In accordance with the Act, the delegate, Fran Freeman, has determined the Gross Value of Production for the egg industry for the 2016-17 financial year to be $739,939,601, reflecting the economic output and contribution of the industry during that period.
Scope and Application
The Gross Value of Production for the Egg Industry for 2016-17, as determined by Fran Freeman, a delegate of the Minister for Agriculture and Water Resources, applies specifically to the egg industry within Australia. This determination is made pursuant to the provisions of the Egg Industry Service Provision Act 2002. The Gross Value of Production (GVP) is a financial measure that encapsulates the total value of eggs produced during the specified financial year, which in this case is the 2016-17 period, amounting to $739,939,601. This figure is crucial for various stakeholders within the egg industry, including producers, processors, and distributors, as it provides a benchmark for economic performance and assists in policy formulation and funding allocation. The legislation's scope is confined to the egg industry, and its application is primarily for statistical and economic analysis purposes within Australia. No exclusions, exemptions, or thresholds are specified in the determination itself, though any further regulations or modifications to the application of the GVP could be established through subordinate instruments as per the Act.
Key Provisions
The main operative sections of this legislation pertain to the determination of the Gross Value of Production (GVP) for the egg industry for the year 2016-17 (subsection 10(1) and subsection 8(3) of the Egg Industry Service Provision Act 2002). Under this determination, the delegate of the Minister for Agriculture and Water Resources, Fran Freeman, has established that the GVP for the egg industry in the specified financial year is $739,939,601.
This legislation imposes the obligation on Fran Freeman, as a delegate of the Minister for Agriculture and Water Resources, to determine the GVP for the egg industry annually. The determination is made in accordance with the provisions outlined in the Egg Industry Service Provision Act 2002. The determination must be made using the appropriate methodology and data to ensure accuracy and reliability in reflecting the economic value of the egg industry's production for the specified year.
Any breach or failure to comply with the obligations imposed by this legislation could potentially lead to civil or criminal consequences. However, the specific offences, penalties, or consequences are not detailed in this particular piece of legislation. It is essential to refer to the broader provisions of the Egg Industry Service Provision Act 2002 to understand the potential penalties for non-compliance. The Act may include provisions for fines, legal action, or other consequences for any breaches or failures to adhere to the required obligations.
The legislation also provides a formal record of the determination, dated 21st June 2017, which serves as an official documentation of the GVP for the egg industry for the year 2016-17. This record is important for various purposes, including financial reporting, industry analysis, and regulatory compliance. It ensures transparency and accountability in the determination process and provides a reliable reference for stakeholders in the egg industry.