New statutory levy

The following legislation was passed by the Commonwealth Parliament on 28 June 2013:

• Sugar Research and Development Services Act 2013
• Sugar Research and Development Services (Consequential Amendments and Transitional Provisions) Act 2013
• Sugar Research and Development Services (Consequential Amendments – Excise) Act 2013

The legislation has enabled the formation of the new industry-owned company Sugar Research Australia (SRA).

SRA is funded by a statutory levy – 35 cents per tonne – paid equally by growing and milling businesses.

This levy came into force on 1 July 2013.

Growers are advised that as from 1 July 2013 you will not be charged for service and/or licence fees that would have been payable under a BSES Services Agreement and PBR Licence Agreement.

Next steps for BSES

One of the final steps in the formation of SRA is to transfer BSES’s assets and research, development and extension functions to SRA. Following the completion of the transfer BSES will be wound up.

The BSES Board are finalising these transfer arrangements.

Notification from http://www.bses.com.au/page/Corporate/New_Statutory_Lev