Document ID: chunk:federal_register_of_legislation:C2004A00861:clause:1_37d
Version: federal_register_of_legislation:C2004A00861
Segment Type: clause
Provision Reference: sch 1 cl 37D
Character Range: 5333–5912

37D  Types of payment rights

 (1) It is a policy objective that there are to be 3 types of payment rights, as follows:
 (aa) a type called basic market milk payment rights;
 (a) a type called additional market milk payment rights;
 (b) a type called discretionary payment rights.

 (2) It is a policy objective that, if an entity is eligible to be granted a basic market milk payment right and an additional market milk payment right, the entity is eligible to be granted the payment right with the higher face value and is not eligible to be granted the other payment right.