Statutory Rules 1990 No. 2121

Cotton Research and Development

Regulations

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Primary Industries and Energy Research and Development Act 1989.

Dated 26 June 1990.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

J. Kerin

Minister of State for Primary

Industries and Energy

Citation

1. These Regulations may be cited as the Cotton Research and Development Regulations.

Commencement

2. These Regulations commence on 1 October 1990.

Interpretation

3. In these Regulations, unless the contrary intention appears:

“Corporation” means the Cotton Research and Development Corporation specified in regulation 4;

“cotton” means cotton grown in Australia;

“cotton industry” means the Australian industry concerned with the production, distribution, processing and sale of cotton;

“cotton lint” means cotton processed to exclude linters, seed and waste cotton;

(S.R. 68/90)—Cat. No. 14/15.6.1990

“the Act” means the Primary Industries and Energy Research and Development Act 1989.

Establishment of Corporation

4. An R & D Corporation to be known as the Cotton Research and Development Corporation is declared to be established in respect of the cotton industry.

Levy attached to the Corporation

5. (1) For the purposes of paragraph 5 (1) (a) of the Act, the levy imposed by section 5 of the Cotton Levy Act 1982 is declared to be attached to the Corporation.

(2) For the purposes of paragraph 5 (3) (a) of the Act, the whole of the levy is declared to be the research component of the levy.

(3) For the purposes of paragraph 5 (3) (b) of the Act, the cotton industry is declared to be the primary industry to which the levy relates.

Gross value of production of cotton

6. (1) The Minister is to determine the gross value of production of cotton for a financial year (in this regulation called “the relevant year”) by calculating the value in accordance with the formula:

where:

A is the value of cotton lint produced in the financial year ending 1 year before the start of the relevant year;

B is the value of cotton lint produced in the financial year immediately before the relevant year;

C is the estimated value of cotton lint to be produced in the relevant year.

(2) A reference to the value of cotton lint produced or to be produced in a financial year is a reference to the production figure supplied by the Australian Bureau of Agricultural and Resource Economics that shows:

(a) the gross value of cotton lint produced: or

(b) the estimated gross value of cotton lint to be produced;

by the cotton industry in that financial year.

NOTE

1. Notified in the Commonwealth of Australia Gazette on 4 July 1990.

Printed by Authority by the Commonwealth Government Printer