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CATTLE TRANSACTION LEVY REGULATIONS (AMENDMENT) 1991 NO. 367EXPLANATORY STATEMENT
STATUTORY RULES 1991 No. 367
Issued by the Authority of the Minister for Primary Industries and Energy.
Subject - Cattle Transaction Levy Act 1990
Cattle Transaction Levy Regulations (Amendment)
The Cattle Transaction Levy Act 1990 (the Act) imposes a levy on the sale of cattle and bobby calves, their delivery to a processor other than by reason of sale to the processor and the slaughter or export of cattle on which a levy has not previously been paid. The levy consists of four components which raise funds for the following purposes:
a) financing the Australian Meat and Live-stock Corporation (AMLC);
b) financing the Meat Research Corporation (MRC);
c) bovine disease eradication; and
d) financing of the National Residue Survey (NRS).
As a result of the success of the Brucellosis and Tuberculosis Eradication Campaign, which will soon make the transition from an active to a monitoring phase, and the level of reserves in the National Cattle Disease Eradication Trust Account, the Cattle Council of Australia has recommended a decrease in the rate of levies for bovine disease eradication purposes. The Minister for Primary Industries and Energy has accepted this recommendation. The new rates will have effect from 1 December 1991.
The present and proposed operative rates and the prescribed maximum rates of levy for cattle and bobby calves are:
The AMLC, MRC and NRS components of the levy remain unchanged by these Regulations.