67CEnd of rice vesting period and dissolution of Board

67C End of rice vesting period and dissolution of Board

67C End of rice vesting period and dissolution of Board

(1) Despite an earlier proclamation in force immediately before this section commences, all rice vests in and is the property of the Board until 30 June 2025 only.

(2) On and from 1 July 2025—

(a) rice ceases to be a primary product to which this Act applies, and

(b) the Board must take all reasonable steps to wind up its affairs before 1 July 2026.

(3) Section 35(3), (5) and (6) apply in relation to the dissolution of the Board as if a reference to a proclamation of the Governor were a reference to an order of the Minister.

(4) If the Board is not dissolved before 1 July 2026, the Minister must table a report on the dissolution in each House of Parliament within 3 months of that date.

s 67C: Ins 2024 No 50, Sch 1[1].