Primary Industries (Consequential Amendments and Transitional Provisions) (Carry‑over Amount—Cotton Research and Development Corporation) 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—Cotton Research and Development Corporation) 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Note: This table relates only to the provisions of this instrument as originally made.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 the Cotton Research and Development Corporation (ABN 71 054 238 316); and
- the relevant financial year that is the financial year beginning on 1 July 2025;
the amount is: $23,864,607.00 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: The Cotton Research and Development Corporation’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—Cotton Research and Development Corporation) Instrument 2026 was enacted to address the need for specific carry-over amounts in the financial provisions of the Primary Industries Levies and Charges Disbursement Act 2024, particularly for the Cotton Research and Development Corporation. This notifiable instrument was made by Julie Collins, the Minister for Agriculture, Fisheries and Forestry, and it is a consequential amendment under the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024. The policy objective of this instrument is to ensure that the Cotton Research and Development Corporation's qualifying expenditure amount for the financial year beginning on 1 July 2025 includes a specified carry-over amount, calculated in accordance with the terms of this instrument. This measure is designed to maintain continuity in funding for the Corporation, ensuring its research and development activities are adequately supported.
Scope and Application
The Primary Industries (Consequential Amendments and Transitional Provisions) (Carry-over Amount—Cotton Research and Development Corporation) Instrument 2026 applies specifically to the Cotton Research and Development Corporation, identified by its ABN 71 054 238 316, and pertains to the financial year starting 1 July 2025. This instrument is a consequential amendment made under subitem 5(6) of Schedule 3 to the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024, and it provides a specific carry-over amount for the Cotton Research and Development Corporation, calculated as $23,864,607.00 multiplied by 2, which is integrated into the qualifying expenditure amount for the relevant financial year. This instrument does not apply to any other entities or financial years, and it is repealed at the commencement of 1 July 2026.
Key Provisions
The Primary Industries (Consequential Amendments and Transitional Provisions) (Carry-over Amount—Cotton Research and Development Corporation) Instrument 2026I outlines key provisions primarily aimed at determining the carry-over amount for the Cotton Research and Development Corporation (ABN 71 054 238 316) for the financial year starting on 1 July 2025. According to section 5, the carry-over amount for the relevant financial year is specified as $23,864,607.00 multiplied by 2. This amount replaces what would otherwise be calculated under the Primary Industries Levies and Charges Disbursement Act 2024. The instrument also specifies that this carry-over amount is to be used in determining the qualifying expenditure amount for the Cotton Research and Development Corporation under sections 23 and 24 of the Disbursement Act.
Entities governed by this instrument, specifically the Cotton Research and Development Corporation, have the obligation to utilize the specified carry-over amount in calculating their qualifying expenditure for the financial year beginning on 1 July 2025. This calculation is crucial for compliance with the provisions of the Disbursement Act and ensures that the Corporation’s expenditure is appropriately accounted for under the legislative framework. The Corporation must ensure that this amount is correctly incorporated into their financial reporting and expenditure declarations as per the requirements outlined in the Act.
Breach of the provisions contained in this instrument does not explicitly state specific offences, penalties, or consequences. However, failure to comply with the requirements of the Primary Industries (Consequential Amendments and Transitional Provisions) Act 2024 and the Primary Industries Levies and Charges Disbursement Act 2024 could lead to broader legal repercussions. The Corporation must ensure adherence to these legislative requirements to avoid potential enforcement actions under the governing acts, which may include fines, corrective measures, or other legal consequences as prescribed by the relevant legislation.