Commonwealth Numbered Regulations

FOREST AND WOOD PRODUCTS RESEARCH AND DEVELOPMENT CORPORATION AMENDMENT REGULATIONS 2001 (NO. 1) 2001 NO. 131 - SCHEDULE 1

(regulation 3)

[1] Regulation 1

substitute

1 Name of Regulations

These Regulations are the Forest and Wood Products Research and Development Corporation Regulations 1993 .

[2] Regulation 3, definition of Corporation

substitute

"Corporation" means the Corporation declared by regulation 4 to be established.

[3] Regulation 3, definition of logs

substitute

"leviable logs" means logs on which a levy mentioned in subregulation 5 (1) is imposed.

"logs" has the same meaning as in Schedule 10 to the Primary Industries (Excise) Levies Act 1999 .

[4] Regulation 4

omit

An

insert

For section 8 of the Act, an

[5] Subregulation 5 (1)

substitute

(1) For paragraph 5 (1) (a) of the Act, the following levies are attached to the Corporation:

(a)

levy imposed by clause 2 of Schedule 10 to the Primary Industries (Excise) Levies Act 1999 ;

(b)

charge imposed by clause 2 of Schedule 7 to the Primary Industries (Customs) Charges Act 1999 ;

(c)

charge imposed by clause 2 of Schedule 8 to the Primary Industries

(Customs)

Charges Act 1999 .

[6] Subregulations 5 (2) and (3)

omit

the purposes of

[7] Regulation 6

substitute

6 Gross value of production
(1) For subsection 32 (2) of the Act, the Minister must determine the gross value of production, for a financial year (the relevant financial year ), of logs produced in Australia by the forest and wood products industry and in respect of which a levy has been attached to the Corporation, by using:

where:

A is the estimated value of the leviable logs to be produced in the relevant financial year.

B is the value of the leviable logs produced in the financial year immediately before the relevant financial year (the previous financial year ).

C is the value of the leviable logs produced in the financial year immediately before the previous financial year.

(2) In subregulation (1), a reference to the value of leviable logs produced or to be produced in Australia in a financial year is a reference to:

(a)

the gross value of leviable logs produced in Australia in that year by the forest and wood products industry as shown in the official statistics supplied by the Australian Bureau of Agriculture and Resource Economics; or

(b)

the estimated gross value of leviable logs produced or to be produced in Australia in that year by the forest and wood products industry as shown in the official statistics supplied by the Australian Bureau of Agriculture and Resource Economics.