Overview

The Wool Services Privatisation Act 2000 was enacted to facilitate the privatisation of wool services and to establish a framework for the calculation and determination of the Gross Value of Production (GVP) for the wool industry. This Act addresses the problem of accurately determining the financial worth of the wool industry, which is crucial for the proper functioning of the privatised services. The determination of the GVP is a critical step in ensuring that the industry can operate effectively under the new privatised model. The determination of the GVP for the wool industry for the year 2019-20 was made by Cassandra Kennedy, a delegate of the Secretary of the Department of Agriculture, Water and the Environment, in accordance with the provisions of the Wool Services Privatisation Act 2000. This determination is intended to provide clarity and certainty for the industry as it transitions to the privatised services model.

Scope and Application

The Gross Value of Production for the Wool Industry for 2019-20 as determined by the Wool Services Privatisation Act 2000 applies to the wool industry within Australia. This act sets out the Gross Value of Production for the specified financial year and is determined by a delegate of the Secretary of the Department of Agriculture, Water and the Environment. This particular determination was made by Cassandra Kennedy, a First Assistant Secretary of the Agricultural Policy Division, on the 18th of June 2020. The act sets the Gross Value of Production for the wool industry at $3,994,267,414 for the 2019-20 financial year. The legislation extends its application across the entire Commonwealth of Australia, thereby affecting all entities and persons involved in the wool industry within the country. There are no stated exclusions, exemptions, or thresholds in this determination. The act may, however, extend or restrict its application through subordinate instruments, although these are not detailed in the provided text.

Key Provisions

The primary operative section of this Gazette, C2020G00578, references subsection 31(7) of the Wool Services Privatisation Act 2000. According to this provision, the delegate of the Secretary of the Department of Agriculture, Water and the Environment is empowered to determine the Gross Value of Production (GVP) for the wool industry. Specifically, the delegate, in this case, Cassandra Kennedy, has determined that the GVP for the wool industry for the 2019-20 financial year is $3,994,267,414. This figure represents the total monetary value of wool produced during that period. The obligations imposed by the Wool Services Privatisation Act 2000 on the parties it governs are primarily centred around the accurate determination and reporting of the GVP. As a delegate, Cassandra Kennedy must exercise due diligence to ensure the GVP figure is as precise as possible, reflecting the true economic output of the wool industry. The process involves gathering data from relevant stakeholders and applying appropriate methodologies to arrive at the final figure. Once determined, this figure is officially recorded and made public, providing a benchmark for various economic and policy analyses related to the wool industry. Failure to comply with the obligations set out in the Wool Services Privatisation Act 2000 could result in civil or criminal consequences. Although the specific penalties are not detailed in this Gazette, the Act generally provides for penalties for non-compliance, which could include fines or other sanctions. The exact nature and severity of these penalties would depend on the specific provisions of the Act and the discretion of the courts. It is crucial for parties involved in the wool industry to adhere to these requirements to avoid potential legal repercussions.