Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe following is a simplified outline of this Act:
This Act provides for a company:
(a) to receive (under a contract) Commonwealth funding for promotion, research and development for the Australian forestry industry; and
(b) to be declared as the industry services body for the Australian forestry industry.
This Act also requires the industry services body to comply with directions given by the Minister in the national interest because of an emergency.
Note: The first industry services body has the assets, liabilities and staff of the Forest and Wood Products Research and Development Corporation transferred to it by the Forestry Marketing and Research and Development Services (Transitional and Consequential Provisions) Act 2007 .