Dairy Produce Amendment Regulations 2003 (No. 1)1
Statutory Rules 2003 No. 1352
I, GUY STEPHEN MONTAGUE GREEN, Administrator of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Dairy Produce Act 1986.
Dated 25 June 2003
G. S. M. GREEN
Administrator
By His Excellency’s Command
WARREN TRUSS
Minister for Agriculture, Fisheries and Forestry

1	Name of Regulations
		These Regulations are the Dairy Produce Amendment Regulations 2003 (No. 1).
2	Commencement
		These Regulations commence on the day on which Schedule 1 to the Dairy Industry Service Reform Act 2003 commences.
3	Amendment of Dairy Produce Regulations
		Schedule 1 amends the Dairy Produce Regulations.

Schedule 1	Amendments
(regulation 3)
  
[1]	Regulation 1
substitute
1	Name of Regulations
		These Regulations are the Dairy Produce Regulations 1986.
[2]	After regulation 2
insert in Part I
2A	Gross value of production
	(1)	For subsection 6 (5) of the Act, the Minister must determine the amount of the gross value of production of milk, for a financial year (the relevant financial year), by using:

where:
A is the estimated value of milk to be produced in the relevant financial year.
B is the value of milk produced in the financial year immediately before the relevant financial year (the previous financial year).
C is the value of milk produced in the financial year immediately before the previous financial year.
	(2)	In subregulation (1), a reference to the value of milk produced, or to the estimated value of milk 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 milk produced by the dairy industry in that financial year; or
	(b)	the estimated gross value of milk to be produced by the dairy industry for that financial year.
Notes
1.	These Regulations amend Statutory Rules 1986 No. 166, as amended by 1986 No. 237; 1987 Nos. 42 and 263; 1990 Nos. 384, 424 and 433; 1995 Nos. 209 and 310.
2.	Notified in the Commonwealth of Australia Gazette on 26 June 2003.