Wheat Marketing Amendment Act 2003 (Cth)

Wheat Marketing Amendment Act 2003

No. 78, 2003

An Act to amend the Wheat Marketing Act 1989, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedule(s) 4 Application

Schedule 1—Amendments Wheat Marketing Act 1989

Wheat Marketing Amendment Act 2003

No. 78, 2003

An Act to amend the Wheat Marketing Act 1989, and for related purposes

[Assented to 22 July 2003]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the Wheat Marketing Amendment Act 2003.

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

3 Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

4 Application

The Authority must prepare and publish the first reports under section 5C of the Wheat Marketing Act 1989 as amended by this Act for the financial year ending on 30 June 2003. However, the Authority is not required to publish a report under section 5C earlier than 4 months after the commencement of this Act.

Schedule 1—Amendments

Wheat Marketing Act 1989

1 Section 3 Insert:

wheat export charge amounts means: (a) amounts of charge identified by the regulations for the purposes of this definition; and (b) amounts payable under section 15 of the Primary Industries Levies and Charges Collection Act 1991 in relation to that charge.

Note: The charge mentioned in paragraph (a) is to be imposed by regulations that specify the period for which the charge is to apply.

1A Section 3 Insert:

related body corporate has the same meaning as in the Corporations Act 2001.

2 At the end of Division 1 of Part 2 Add:

5A Performance of the Authority's wheat export control function

(1) In performing its function of controlling the export of wheat from Australia, the Authority must seek to complement any objective of nominated company B to maximise net returns for pools operated by that company, while at the same time seeking to facilitate the development of niche and other markets where the Authority considers that this may benefit both growers and the wider community.