Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) In this regulation:
"Commonwealth fishing industry" means that part of the fishing industry:
(a) concerned with taking or culturing fish or fish products; and
(b) managed by or on behalf of the Commonwealth.
(2) For subsection 30A(5) of the Act, the Minister must determine the Commonwealth GVP for a financial year (the relevant financial year ) by using:
where:
"A" is the estimated gross value of production of the Commonwealth fishing industry in the relevant financial year.
"B" is the gross value of production of the Commonwealth fishing industry in the financial year immediately before the relevant financial year (the previous financial year ).
"C" is the gross value of production of the Commonwealth fishing industry in the financial year immediately before the previous financial year.
(3) For A , B and C in subregulation (2), the amount for the gross value of production is the figure supplied by the Department of Agriculture, Fisheries and Forestry.