Report to the Parliament in relation to the Deed of Agreement 2007-13 with Dairy Australia Limited (DA)

​I, JOSEPH LUDWIG, Minister for Agriculture, Fisheries and Forestry, under section 14 of the Dairy Produce Act 1986, report that:

  1. the Commonwealth has a SFA with DA 
  2. the amount of dairy service levy payments paid to DA, as reported in the DA audited financial statements was $31 190 000 for the financial year 2011-12; and
  3. I am satisfied on the basis of the information provided in the Schedule that the spending of dairy service payments and matching government payments by DA during the 2011-12 financial year complied with the SFA.

Dated 25 January 2013

[signed]

Joseph Ludwig
Minister for Agriculture, Fisheries and Forestry


Schedule

DA has provided assurances that its spending of the dairy service payments and matching payments made during 2011-12 complied with the SFA between the Commonwealth and DA including:

  • A report from the DA Chairman and Managing Director certifying that the company has complied with the SFA for the year ending 30 June 2012.
  • An independent compliance audit report for the year ending 30 June 2012 providing an unqualified audit opinion that DA has complied with clauses 4, 5 and 6 of the SFA. These clauses cover the receipt, management and expenditure of funds in the dairy services levy account.
  • An independent audit report conducted in accordance with the Australian Auditing and Assurance Standards under the Corporations Act 2001 providing an unqualified audit opinion that DA’s annual financial report for 2011-12 provides a true and fair view of DA’s financial position, income, expenditure and cash flows and complies with the Australian Accounting Standards and the Corporations Act 2001


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