Beef production and Livestock slaughter levy rate adjustment
Starting 1 January 2017, the amount of levy that is collected from the slaughter of cattle, sheep, lambs and goats and directed to research and development (R&D) and marketing will be adjusted. The levy rate split adjustment is prescribed in the Primary Industries (Excise) Levies Amendment (Red Meat Slaughter) Regulation 2016 and will not impact the total amount of levy that is currently collected from industry.
The new levy splits are shown in the table below:
1 January 2017 until 30 June 2018
1 July 2018 onwards
0.6 cents per kilogram
0.24 cents per kilogram
0.36 cents per kilogram
15 cents per head
6 cents per head
9 cents per head
16 cents per head
6.4 cents per head
9.6 cents per head
10 cents per head
4 cents per head
6 cents per head
The levy rate split adjustment will provide the Australian Meat Processor Corporation (AMPC) with the necessary funds to undertake industry marketing programs. Currently, as prescribed in legislation, R&D levy revenue cannot be transferred to marketing programs. AMPC will utilise a portion of its R&D reserves to continue to undertake its R&D programs during the period of 1 January 2017 to 30 June 2018.
Who is affected by the levy change?
The levy split adjustment will not impact levy payers as the existing amount of levy collected will remain the same.
Are there changes to the levy return forms?
No. The return together with payment must be submitted to the Department of Agriculture and Water Resources within 28 days of the end of the month in which the slaughter took place.
Example: your return and payment for the month of November is due on or before 28 December.