Commonwealth Numbered Regulations - Explanatory Statements

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DAIRY PRODUCE LEVY REGULATIONS (AMENDMENT) 1993 NO. 126

STATUTORY RULES 1993 No. 126

Issued by the Authority of the Minister for Primary Industries and Energy

Dairy Produce Levy (No. 1) Act 1986

Dairy Produce Levy Regulations (Amendment)

The Dairy Produce Levy (No. 1) Act 1986 (the Act) imposes a levy (the Corporation levy) on all milk producers for administration expenses of the Australian Dairy Corporation.

The current levy rate is 1.05 cents per kilogram milkfat, set on 1 July 1988.

These regulations will implement a reduction in the rate of the Corporation levy to 0.95 cents per kilogram milkfat. All milk producers pay the levy on production and as a result of expanded Australian milk production funds collected through the levy have been increasing and have added to the balance of reserves held by the Corporation. The Australian Dairy Industry Council believes that these reserves are higher than necessary for the prudent management of the Australian Dairy Corporation budget and have therefore recommended a decrease in the Corporation levy from 1.05 cents to 0.95 cents per kilogram milkfat.

The Minister for Primary Industries and Energy has accepted this recommendation. The reduction will have effect from 1 July 1993.