8Exception for processors that are small business entities

8 Exception for processors that are small business entities

(1) If a processor is a small business entity for a financial year: (a) section 12 (requirement to publish standard forms of agreements) does not apply to the processor in relation to the publication deadline in the financial year; and (b) Subdivision B of Division 2 (standard forms of agreements) (other than section 12) does not apply in relation to the processor in the financial year; and (c) section 16 (requirement to have milk supply agreements) does not apply in relation to the processor in the financial year; and (d) Subdivisions C to G of Division 2 (other provisions relating to milk supply agreements) (other than section 16) do not apply in relation to a milk supply agreement that the processor enters into in the financial year. Extensions of milk supply agreements (2) If: (a) a milk supply agreement is varied at a particular time; and (b) the variation postpones the end of the supply period of the agreement; this section applies in relation to the agreement from that particular time as if it were a new agreement entered into at that particular time.