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Wednesday, 16 February 2000
Page: 13536

Mr TRUSS (Minister for Agriculture, Fisheries and Forestry) (11:21 AM) —I move:

That the bill be now read a second time.

The purpose of this bill is to provide for the imposition of the dairy adjustment levy only so far as the levy is neither a duty of excise nor a duty of customs. This bill is part of a package of four bills that will establish the Dairy Industry Adjustment Program. This bill imposes a levy on leviable milk products as defined in the Dairy Industry Adjustment Bill 2000. The rate at which the levy will be imposed by this bill will be the same as that imposed by the Dairy Adjustment Levy (Excise) Bill 2000. This bill, in association with the Dairy Adjustment Levy (Excise) Bill 2000 and the Dairy Adjustment Levy (Customs) Bill 2000, will raise the revenue to fully finance the Dairy Industry Adjustment Fund, as established under the Dairy Industry Adjustment Bill 2000.

I commend this bill to the House and present the explanatory memorandum.

Debate (on motion by Mr Bevis) adjourned.