Gross Value of Production for the Pig Industry for 2020-21

Overview

The Pig Industry Act 2001 was enacted to provide a framework for the regulation of the Australian pig industry, including the establishment of a levy to fund industry development and research. The Act was introduced to address the need for a structured approach to managing and supporting the pig industry, ensuring its sustainability and growth while providing mechanisms for addressing industry-specific challenges. This determination was made by Joanna Stanion, a delegate of the Secretary of the Department of Agriculture, Water and the Environment, under the authority granted by the Act. The policy objective, as implied by the Act, is to support the pig industry through coordinated efforts, including financial contributions from industry stakeholders to fund initiatives that enhance the industry’s overall productivity and competitiveness.

Scope and Application

The Pig Industry Act 2001, as amended and applied through the determination of the Gross Value of Production for the 2020-21 period, pertains to the pig industry within Australia. This Act applies to entities and individuals involved in the production, processing, and marketing of pigs and pork products, thereby encompassing a range of activities and transactions within the industry. The legislation extends to the entire Commonwealth of Australia, ensuring a unified approach to the regulation and oversight of the pig industry across all states and territories. The Act includes the establishment of the Gross Value of Production as a key metric for understanding the economic impact and scope of the industry, facilitating informed policy and regulatory decisions. While the Act itself sets out the framework and objectives, its application and enforcement may be further detailed through subordinate instruments, which could include regulations or codes of practice aimed at more specific industry practices or standards.

Key Provisions

The key provision of the legislation, C2022G00093, pertains to the determination of the Gross Value of Production (GVP) for the pig industry for the 2020-21 period under section 10(8)(a) of the Pig Industry Act 2001. This legislative instrument specifies that the GVP for the pig industry for the specified year is set at $1,406,113,410. This determination is a critical aspect as it forms the basis for various economic assessments, funding allocations, and policy decisions related to the industry (subsection 10(8)(a)). The Act imposes certain obligations on the parties involved, particularly those within the pig industry, by providing a definitive figure for the GVP. This figure is essential for compliance with reporting requirements and may influence the allocation of resources and support from government bodies. Industry stakeholders must use this figure in their financial reporting and planning processes, ensuring that their records accurately reflect the legislated GVP (subsection 10(8)(a)). Additionally, the determination may affect industry-specific subsidies, grants, and other financial incentives. Failure to adhere to the requirements set forth in this legislation could result in civil or administrative consequences. While the specific penalties are not detailed in this excerpt, breaches of statutory provisions in similar contexts can lead to fines, sanctions, or other administrative actions. Inaccurate reporting or non-compliance with the legislated GVP could potentially undermine the integrity of industry data and the fairness of resource distribution, leading to corrective measures or legal actions (subsection 10(8)(a)). It is crucial for industry participants to ensure that their records and reports are consistent with the legislated GVP to avoid any adverse outcomes.