Primary Industries (Consequential Amendments and Transitional Provisions) (Carry‑over Amount—Australian Wool Innovation Limited) Instrument 2026
I, Julie Collins, Minister for Agriculture, Fisheries and Forestry, make the following instrument.
Dated 13 January 2026
Julie Collins
Minister for Agriculture, Fisheries and Forestry
Contents
Part 1—Preliminary
1 Name
2 Commencement
3 Authority
4 Definitions
Part 2—Carry-over amount
5 Carry‑over amount
6 Repeal of this instrument
Part 1—Preliminary
1 Name
This instrument is the Primary Industries (Consequential Amendments and Transitional Provisions) (Carry‑over Amount—Australian Wool Innovation Limited) Instrument 2026.
2 Commencement
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Commencement information |
Column 1 | Column 2 | Column 3 |
Provisions | Commencement | Date/Details |
1. The whole of this instrument | The day after this instrument is registered. | |
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
3 Authority
This instrument is made under subitem 5(6) of Schedule 3 to the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024.
4 Definitions
In this instrument:
Act means the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024.
Disbursement Act means the Primary Industries Levies and Charges Disbursement Act 2024.
recipient body has the same meaning as in the Disbursement Act.
Part 2—Carry-over amount
5 Carry‑over amount
For the purposes of paragraph 5(5)(b) of Schedule 3 to the Act, in relation to:
- the recipient body that is Australian Wool Innovation Limited (ABN 12 095 165 558); and
- the relevant financial year that is the financial year beginning on 1 July 2025;
the amount is: $73,921,339.00 multiplied by 2.
Note 1: Subitem 5(5) of Schedule 3 to the Act provides that, for the purposes of the operation of sections 23 and 24 of the Disbursement Act in relation to a recipient body and the financial year beginning on 1 July 2025, paragraph 24(1)(b) of that Act does not apply. Instead, the recipient body’s qualifying expenditure amount for that financial year is taken to include the amount specified in, or worked out in accordance with, an instrument made under subitem 5(6) in relation to that body.
Note 2: Paragraph 24(1)(b) of the Disbursement Act provides that a recipient body’s qualifying expenditure amount for a financial year includes any carry-over amount for the body for that year under subsection 23(5) of that Act, multiplied by 2.
Note 3: Australian Wool Innovation Limited’s qualifying expenditure amount for the financial year beginning on 1 July 2025 is taken to include the amount worked out in accordance with this section.
6 Repeal of this instrument
This instrument is repealed at the start of 1 July 2026.
Overview
The Primary Industries (Consequential Amendments and Transitional Provisions) (Carry-over Amount—Australian Wool Innovation Limited) Instrument 2026 was made under the authority of the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024. The Act was introduced to address gaps in the legislative framework concerning the distribution of funds within the primary industries sector, particularly in relation to the carry-over amounts for certain financial years. This instrument specifies the carry-over amount for Australian Wool Innovation Limited for the financial year beginning on 1 July 2025, ensuring that the entity's qualifying expenditure amount is accurately calculated as per the relevant provisions in the Primary Industries Levies and Charges Disbursement Act 2024. The instrument was created by Julie Collins, the Minister for Agriculture, Fisheries and Forestry, and is set to be repealed at the start of 1 July 2026.
Scope and Application
The Primary Industries (Consequential Amendments and Transitional Provisions) (Carry-over Amount—Australian Wool Innovation Limited) Instrument 2026 applies specifically to Australian Wool Innovation Limited, which is identified by its Australian Business Number (ABN) 12 095 165 558. This instrument is designed to make consequential amendments and provide transitional provisions in relation to the carry-over amount for the recipient body for the financial year beginning on 1 July 2025, as outlined in Schedule 3 of the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024. The instrument specifies that the carry-over amount for Australian Wool Innovation Limited for that financial year is to be calculated by doubling the specified amount of $73,921,339.00, thereby excluding the application of certain provisions of the Primary Industries Levies and Charges Disbursement Act 2024. This instrument, which came into effect on the day after its registration, is repealed at the start of 1 July 2026, ensuring its temporary nature for the specified financial year.
Key Provisions
The Primary Industries (Consequential Amendments and Transitional Provisions) (Carry-over Amount—Australian Wool Innovation Limited) Instrument 2026 sets out the carry-over amount for Australian Wool Innovation Limited (AWI) for the financial year beginning 1 July 2025. According to Section 5, the carry-over amount specified in the instrument is $73,921,339.00 multiplied by 2, which equals $147,842,678.00. This amount is to be included in AWI's qualifying expenditure amount for the relevant financial year, as stated in Section 5(5) of Schedule 3 to the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024. The instrument also provides that for this financial year, paragraph 24(1)(b) of the Primary Industries Levies and Charges Disbursement Act 2024 does not apply, as per Section 5(5)(b) of Schedule 3 to the Act.
This instrument imposes specific obligations on Australian Wool Innovation Limited by setting out the carry-over amount that should be included in their qualifying expenditure for the financial year beginning 1 July 2025. It ensures that AWI's qualifying expenditure is calculated correctly by specifying the amount to be included as per the Act's provisions. The instrument also mandates the inclusion of this carry-over amount in the relevant financial year, aligning with the requirements of the Disbursement Act.
There are no explicit offences, penalties, or consequences for breach mentioned in this instrument. However, non-compliance with the specified carry-over amount could potentially lead to discrepancies in AWI's qualifying expenditure calculations, which could be subject to audit or review under the relevant Acts. The instrument is repealed at the start of 1 July 2026, as outlined in Section 6, indicating its temporary nature and the need for adherence during its effective period.