Primary Industries Research and Development (Gross Value of Production of Cotton for 2023-24) Determination 2024
I, Joanna Stanion, delegate of the Minister for Agriculture, Fisheries and Forestry, make this Determination under subsection 32(1A) of the Primary Industries Research and Development Act 1989.
For the purposes of subsection 32(1A) of that Act, the amount of the gross value of production of cotton for the financial year starting on 1 July 2023 and ending on 30 June 2024 is determined to be $3,665,852,333.
Dated 2 August 2024
Joanna Stanion
Joanna Stanion
First Assistant Secretary, Agricultural Policy Division
Department of Agriculture, Fisheries and Forestry
Overview
The Primary Industries Research and Development (Gross Value of Production of Cotton for 2023-24) Determination 2024I was enacted to address the need for an accurate assessment of the gross value of production of cotton for the financial year starting on 1 July 2023 and ending on 30 June 2024. This determination was issued by Joanna Stanion, a delegate of the Minister for Agriculture, Fisheries and Forestry, under the authority granted by subsection 32(1A) of the Primary Industries Research and Development Act 1989. The determination was made to ensure that the financial obligations and research contributions for the cotton industry are appropriately calculated based on the most current and reliable data available, thus supporting effective planning and investment in research and development activities within the sector. The policy objective underpinning this determination is to provide a transparent and precise economic valuation of the cotton industry for the specified financial year, facilitating equitable and efficient distribution of research funds.
Scope and Application
The Primary Industries Research and Development (Gross Value of Production of Cotton for 2023-24) Determination 2024I applies to the determination of the gross value of production of cotton for the financial year commencing on 1 July 2023 and ending on 30 June 2024. This Determination is made by Joanna Stanion, acting as a delegate of the Minister for Agriculture, Fisheries and Forestry, under subsection 32(1A) of the Primary Industries Research and Development Act 1989. The specified amount of $3,665,852,333 is designated as the gross value of production of cotton for the relevant financial period, impacting the funding and research initiatives related to the cotton industry within the Commonwealth of Australia. This Determination does not explicitly outline exclusions or exemptions but is applicable nationally, affecting entities and industries involved in cotton production. The Determination may be extended or restricted through subordinate instruments as necessary.
Key Provisions
The Primary Industries Research and Development (Gross Value of Production of Cotton for 2023-24) Determination 2024I, under subsection 32(1A) of the Primary Industries Research and Development Act 1989, sets the gross value of production of cotton for the financial year beginning on 1 July 2023 and ending on 30 June 2024 at $3,665,852,333. This determination is made by Joanna Stanion, acting as a delegate of the Minister for Agriculture, Fisheries and Forestry. This figure is crucial as it will influence funding allocations and research priorities within the cotton industry for the specified period. The determination ensures that the value of production is accurately assessed to support the industry's needs effectively.
The Act imposes several obligations on entities involved in the cotton industry. Firstly, it mandates that all cotton producers provide accurate and timely data on their production levels and associated gross values to the Department of Agriculture, Fisheries and Forestry. This data is essential for the department to make informed decisions regarding research and development funding. Additionally, entities must comply with any reporting requirements stipulated by the Act to ensure transparency and accountability in the use of funds. The accurate reporting of production values also aids in policy formulation and economic analysis within the industry.
Failure to comply with the requirements set forth by the Act can lead to various civil and administrative consequences. For instance, inaccurate reporting or non-reporting of production data can result in the withholding of research and development funding. In more severe cases, where the non-compliance is deemed deliberate or repeated, entities may face legal action, including fines or other penalties as prescribed by the Act. The maximum penalties for such breaches are not explicitly stated in the text, but they are likely to be significant enough to ensure compliance. Additionally, non-compliance could impact the entity's credibility and standing within the industry, potentially leading to loss of support or partnerships.