Commonwealth Numbered Acts

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FORESTRY MARKETING AND RESEARCH AND DEVELOPMENT SERVICES ACT 2007 (NO. 122, 2007) - SECT 7

Simplified outline of this Part

                   The following is a simplified outline of this Part:

The Minister may make a contract with a company for the Commonwealth to make payments of 2 kinds to the company.

The first kind (called forestry service payments ):

               (a)     are to be spent by the company on activities benefiting the Australian forestry industry and on payments of the Commonwealth's expenses relating to the collection of amounts it receives from the industry as primary industry levies and charges and related payments; and

               (b)     cannot exceed those amounts.

The second kind (called matching payments ):

               (a)     are to be spent by the company on research and development benefiting the Australian forestry industry and the Australian community and on payments of the Commonwealth's expenses relating to the collection of amounts it receives from the industry as primary industry levies and charges and related payments; and

               (b)     cannot exceed limits based on those amounts, the annual value of production by the industry and the amount spent by the company on that research and development.



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