Cotton Research and Development Amendment Regulations 2001 (No. 1)1
Statutory Rules 2001 No. 1292
I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Primary Industries and Energy Research and Development Act 1989.
Dated 13 June 2001
WILLIAM DEANE
Governor-General
By His Excellency’s Command
JUDITH TROETH
Parliamentary Secretary to the Minister for Agriculture,
Fisheries and Forestry

1	Name of Regulations
		These Regulations are the Cotton Research and Development Amendment Regulations 2001 (No. 1).
2	Commencement
		These Regulations commence on 1 July 2001.
3	Amendment of Cotton Research and Development Regulations
		Schedule 1 amends the Cotton Research and Development Regulations.

Schedule 1	Amendments
(regulation 3)
[1]	Regulation 1
substitute
1	Name of Regulations 
		These Regulations are the Cotton Research and Development Corporation Regulations 1990.
[2]	Regulation 3, definition of Corporation
substitute
Act means the Primary Industries and Energy Research and Development Act 1989.
Corporation means the Corporation declared by regulation 4 to be established.
[3]	Regulation 3, definition of the Act
omit
[4]	Regulation 4
omit
An
insert
For section 8 of the Act, an
[5]	Subregulation 5 (1)
substitute
	(1)	For paragraph 5 (1) (a) of the Act, the levy imposed by clause 2 of Schedule 5 to the Primary Industries (Excise) Levies Act 1999 is attached to the Corporation.
[6]	Subregulations 5 (2) and (3)
omit
the purposes of
[7]	Regulation 6
substitute
6	Gross value of production
	(1)	For subsection 32 (2) of the Act, the Minister must determine the gross value of production of cotton, for a financial year (the relevant financial year), by using:

where:
A is the estimated value of cotton lint to be produced in the relevant financial year.
B is the value of cotton lint produced in the financial year immediately before the relevant financial year (the previous financial year).
C is the value of cotton lint produced in the financial year immediately before the previous financial year.
	(2)	In subregulation (1), a reference to the value of cotton lint produced, or to the estimated value of cotton lint 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 by the cotton industry in that financial year; or
	(b)	the estimated gross value of cotton lint to be produced by the cotton industry for that financial year.
Notes
1.	These Regulations amend Statutory Rules 1990 No. 212.
2.	Notified in the Commonwealth of Australia Gazette on 20 June 2001.