The controversial Wheat Export Marketing Amendment Bill 2012 passed the House of Representative with amendments on 31 October 2012.
This Bill’s purpose is to implement the Productivity Commission review of wheat export marketing arrangements to continue the transition to a fully deregulated bulk wheat export market which began on 1 July 2008 with the abolition of the single desk wheat marketing arrangements (see Wheat Export Marketing Act 2008). The Commission’s report into wheat export marketing arrangements was tabled in Parliament on 28 October 2010 and the current Bill is to implement the Commission’s recommendations but under a “staged approach to ensure the full benefits of the 2008 reforms are realised”.
If the legislation is implemented as envisaged a deregulated bulk wheat export market will exist by late 2014.
The aim is to bring the bulk wheat export market into line with other agricultural commodity markets and promote further competition in the wheat industry leading to increased productivity and profitability.
FREE legislation news, delivered weekly.
Sign up now.#WeLoveLegislation Tweets
NEW information resources - great for training.