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Dairy Produce Legislation Amendment (Supplementary Assistance) Bill 2001

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1998-1999-2000-2001

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

Dairy Produce Legislation Amendment (Supplementary Assistance) Bill 2001

 

 

(1)     Schedule 1, item 3, page 4 (line 6), omit “2 types of SDA payment rights:”, substitute “3 types of SDA payment rights: basic market milk payment rights,”.

[clause 1 of Schedule 2—simplified outline]

(2)     Schedule 1, item 10, page 5 (before line 21), before paragraph (a), insert:

                    (aa)  basic market milk payment rights;

[clause 37A of Schedule 2—simplified outline]

(3)     Schedule 1, item 10, page 6 (line 20), omit “2 types”, substitute “3 types”.

[clause 37D of Schedule 2—payment rights]

(4)     Schedule 1, item 10, page 6 (before line 22), before paragraph (a), insert:

                    (aa)  a type called basic market milk payment rights ;

[clause 37D of Schedule 2—payment rights]

(5)     Schedule 1, item 10, page 6 (after line 23), at the end of clause 37D, add:

             (2)  It is a policy objective that, if an entity is eligible to be granted a basic market milk payment right and an additional market milk payment right, the entity is eligible to be granted the payment right with the higher face value and is not eligible to be granted the other payment right.

[clause 37D of Schedule 2—payment rights]

(6)     Schedule 1, item 10, page 6 (before line 24), before clause 37E, insert:

37DA   Basic market milk payment rights—eligibility etc.

Basic eligibility criteria

             (1)  It is a policy objective that an entity is not eligible to be granted a basic market milk payment right unless:

                     (a)  the entity has been granted a payment right under the DSAP scheme in respect of a dairy farm enterprise (the qualifying enterprise ); and

                     (b)  the entity held an interest (of a kind referred to in the SDA scheme) in that enterprise, or in any other dairy farm enterprise, at a time referred to in the SDA scheme; and

                     (c)  the number (the market milk number ) worked out in accordance with the following formula is at least 25.1 (rounding to 1 decimal place and rounding up if the second decimal place is 5 or more):

Note:       See also subclause (4) for how those delivery numbers are worked out.

Calculation of face value

             (2)  It is a policy objective that the face value of an entity’s basic market milk payment right is to be a share (worked out in accordance with the SDA scheme) of the overall market milk amount for the qualifying enterprise.

Interpretation

             (3)  For the purposes of this clause, the overall market milk amount for the qualifying enterprise is:

                     (a)  if the market milk number is at least 25.1 and less than 30.1—$10,000; or

                     (b)  if the market milk number is at least 30.1—$15,000.

             (4)  A reference in this clause to the total number of litres of market milk, or the total number of litres of manufacturing milk, delivered by the qualifying enterprise in the 1998-1999 financial year is a reference to that number as determined by the DAA to have taken to have been delivered by that enterprise in that year.

             (5)  This clause is subject to clause 37V (about the effect of death on eligibility etc. for the grant of payment rights).

[clause 37DA of Schedule 2—payment rights]

(7)     Schedule 1, item 10, (page 8), line 15, omit the heading, substitute:

37F   Market milk payment rights—offsetting

[clause 37F of Schedule 2—offsetting]

(8)     Schedule 1, item 10, page 8 (line 16), after “entity’s”, insert “basic market milk payment right or”.

[clause 37F of Schedule 2—offsetting]

(9)     Schedule 1, item 10, page 8 (line 29), after “entity’s”, insert “basic market milk payment right or”.

[clause 37F of Schedule 2—offsetting]