Document ID: chunk:federal_register_of_legislation:C2004A00861:clause:1_37a
Version: federal_register_of_legislation:C2004A00861
Segment Type: clause
Provision Reference: sch 1 cl 37A
Character Range: 3775–4788

37A  Simplified outline

  The following is a simplified outline of this Division:

         • This Division provides a framework for the making of SDA payments.
         • The Minister is required to formulate a scheme (the SDA scheme) for the grant of the following types of payment rights to entities:

                (aa) basic market milk payment rights;
                (a) additional market milk payment rights;
                (b) discretionary payment rights.

         • Additional market milk payment rights will be based on market milk deliveries in 1998‑1999, and will range from 0.12 cents per litre to 12 cents per litre depending on the percentage of market milk deliveries in that year.
         • Discretionary payment rights may be granted to entities in the circumstances set out in clause 37G.
         • Payment rights will be divided into units, where each unit has a face value of $32.
         • Payments will be made to registered owners of units in accordance with the SDA scheme.