GROSS VALUE OF PRODUCTION FOR THE
FORESTRY INDUSTRY FOR 2018-19
I, BRIDGET MCKENZIE, Minister for Agriculture, in accordance with subsection 9(4) of the Forestry Marketing and Research and Development Services Act 2007, hereby determine the following amount to be the Gross Value of Production for 2018-19:
Dated this 8th day of July 2019
BRIDGET MCKENZIE
Overview
The Forestry Marketing and Research and Development Services Act 2007, enacted by the Australian Parliament, was introduced to address issues related to the marketing and research and development services for the forestry industry. This Act provides a framework for ensuring that the forestry industry can effectively market its products and engage in research and development activities that enhance its productivity and sustainability. The Minister for Agriculture, Bridget McKenzie, has used her powers under this Act to determine the Gross Value of Production (GVP) for the forestry industry for the 2018-19 financial year. The determination, amounting to $2,656,000,000, is a crucial economic indicator that reflects the industry's contribution to the national economy and aids in policy-making and funding allocation for research and development initiatives within the forestry sector.
Scope and Application
The Forestry Marketing and Research and Development Services Act 2007, as amended by the determination published in the Gazette on 8 July 2019, specifies the Gross Value of Production for the forestry industry for the 2018-19 financial year. This legislation applies to the forestry industry within Australia, encompassing all entities and persons involved in forestry activities, including but not limited to, timber harvesting, processing, and marketing. The geographic reach of this Act is national, as it pertains to the entire forestry sector across the Commonwealth of Australia. The determination of the Gross Value of Production serves as a critical benchmark for funding allocations and research initiatives within the forestry industry, reflecting the economic contribution of this sector to the national economy. The Act does not explicitly state any exclusions, exemptions, or thresholds for its application, though its provisions may be further defined through subordinate instruments or regulations that extend or clarify its scope and application.
Key Provisions
The Forestry Marketing and Research and Development Services Act 2007 establishes a framework for the forestry industry, with key provisions including the determination of the Gross Value of Production (GVP) for the industry. Section 9(4) of the Act allows the Minister for Agriculture to determine the GVP for a given financial year, which in this case is the 2018-19 period. Under this authority, the Minister, Bridget McKenzie, has determined the GVP for the forestry industry to be $2,656,000,000, as published in the gazette on 8 July 2019. This determination provides a financial benchmark for the industry, which can be used for various purposes, such as funding allocations and performance assessments.
The Act imposes specific obligations on the Minister for Agriculture, requiring them to determine the GVP for the forestry industry each financial year. This process involves collecting and analysing relevant data to accurately estimate the value of the industry's production. The Minister must then make this determination publicly available, ensuring transparency and accountability in the forestry sector. These obligations are crucial for maintaining the integrity of the industry and ensuring that stakeholders have access to accurate and up-to-date information.
Failure to comply with the requirements of the Act, such as not determining the GVP within the specified timeframe or providing inaccurate information, could potentially lead to legal consequences. While the Act itself does not explicitly outline specific penalties for non-compliance, breaches of statutory duties under Australian law can result in civil or criminal penalties, depending on the severity and intent behind the breach. Civil penalties can include fines, while criminal penalties can lead to imprisonment, reflecting the importance of adhering to the Act's provisions. The exact penalties would be determined by the courts, taking into account the circumstances of the breach.