| ||Passing of Wheat Amendment Bill provides certainty to industry|| ||
AWB has welcomed the passage of the Wheat Marketing Amendment Bill through the Commonwealth Parliament today.
AWB Chairman Brendan Stewart said the legislation, which makes funding provisions for the Wheat Export Authority, will provide certainty to Australian wheat growers and the Australian wheat marketing arrangements.
“It is important for this industry to have a well-funded and effective regulator, and with the passage of the Bill today, the industry will have that,” Mr Stewart said.
He said that despite the wide-ranging debate arising from the recent Senate Inquiry, the primary role of the inquiry and the Bill was the funding for the Wheat Export Authority.
However, further amendments were also made to the legislation to clarify the role and responsibilities of the Wheat Export Authority.
Mr Stewart said AWB also welcomed these initiatives in that they will help secure industry and public confidence in the current wheat marketing arrangements, which enable Australian growers to compete in a grossly distorted international wheat market.
“The Coalition Government has addressed the requirements of industry and growers and provided a framework for Australia to continue to compete internationally. This has also been recognised by the Democrats.
“AWB will continue to strive and maximise returns to growers and is committed to demonstrate the benefits of its management of the Single Desk system,” Mr Stewart said.