Commonwealth Consolidated Regulations

DAIRY PRODUCE REGULATIONS 1986 - REG 2A

         (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.