Insolvencies occur frequently in the grain industry and businesses need to prepare for them. The best preparation is to attempt to avoid dealing with counterparties that are likely to enter insolvency but even with the best preparation it is likely that you will have to deal with an insolvent counterparty. This paper is meant to be a brief guide to a before and after situation with insolvencies.
Industry Briefing Documents
This document provides Members an outline of the new AQIS Grain and Seed Export Program Fees and Charges and rational behind their development.
The new Personal Property Securities (“PPS”) scheme is due to begin on 31 October 2011. It is likely to have a significant impact on many areas of business including the grains industry. The new scheme is complex and it is hard to predict with clarity how it will operate in practice. This note is intended to provide an overview only.
The Australian Government, as part of its preparation for the next BSP (also called the Cartagena Protocol) meeting in October 2010, will, as a matter of course, review its current position to determine if it is still the most advantageous to Australia’s interests.
GTA prepared an industry briefing paper which detailed the opposition of the grain industry to Australia ratifying the Protocol.
Grain Trade Australia (GTA) has developed the Test Weight of Australian Wheat - 2010 and Beyond (PDF 80KB) paper to provide industry with background information to support GTA’s policy to increase wheat test weight for milling grades.
