New South Wales Bills Explanatory Notes New South Wales Bills Explanatory Notes[Index] [Search] [Download] [Bill] [Help]
CATTLE COMPENSATION (AMENDMENT) BILL 1993
NEW SOUTH WALES
EXPLANATORY NOTE
(This Explanatory Note relates to this Bill as introduced into Parliament)
The object of this Bill is to amend the Cattle Compensation Act 1951 so as:
· to authorise payments to be made from the Cattle Compensation Fund to finance
research and other programs benefiting the cattle industry; and
· to provide for the establishment of an Advisory Council to advise the Minister in
relation to certain expenditure proposed to be made from the Fund (including
research grants) and in relation to the extension of the provisions of the Act to
any particular disease, condition or infestation of cattle to which the Act does not
currently apply; and
· to require that a review of the purposes and operations of the Fund be undertaken
in 5 years' time.
Clause 1 specifies the short title of the proposed Act.
Clause 2 provides for the commencement of the proposed Act on the date of assent.
Clause 3 gives effect to Schedule 1 which contains amendments to the Cattle
Compensation Act 1951.
Clause 4 provides that the amendment relating to the reduction of administration
costs payable out of the Fund extends to the payment due in the year commencing I
July 1993 in relation to the 12 month period ending on 30 June 1993.
SCHEDULE l--AMENDMENTS
Research funding
Currently, money can be paid from the Cattle Compensation Fund only for the
purpose of compensating owners of certain cattle and carcasses and for meeting the
costs of administering the Act. The latter costs amount to 5% of the amount paid into
the Fund each year.
Schedule 1 (2) amends section 12 (3) to reduce the administration costs payable to
1% of the Fund's yearly income. That amendment applies to the payments due in the
year commencing 1 July 1993 and in later years. Section 12 is also amended to permit
money to be paid from the Fund for the purposes of research or other programs which
the Minister considers are of benefit to the cattle industry. All such payments from the
Fund are to be authorised by the Minister with the concurrence of the Premier.
Advisory Council
Schedule 1 (3) inserts proposed section 16I which provides for the establishment of
an Advisory Council. The function of the Council is to advise the Minister in relation to
payments proposed to be made from the Fund in response to requests for research
funding and other grants and in relation to whether the operation of the Act should be
extended to provide for the payment of compensation in relation to any disease,
condition or infestation of cattle to which the Act does not apply.
Review of Fund
Schedule 1 (3) also inserts proposed section 16J which requires the Minister to
conduct a review of the operation of the Fund 5 years after the commencement of the
proposed Act.