Governance

Governance

AMPC recognises the value of strong corporate governance. As a corporation responsible for the investment of statutory levies, AMPC demonstrates the required level of corporate planning and reporting.
The Board of AMPC is responsible, along with management, for corporate governance practice and constantly updates its policies and procedures based on both independent advice and its own initiatives.

Refer to AMPC Corporate Governance Policy 2020 for details on AMPC's corporate governance framework.


Statutory levies and legislative requirements

AMPC administers statutory levies on behalf of industry as detailed in the Funding Agreement 2020-2030 with the Commonwealth.


The red meat slaughter levies are defined under the Australian Meat and Livestock Industry Act 1997. Levies on beef and livestock (cattle, bobby calf, sheep, lambs and goats) slaughter are payable by processors for each animal slaughtered at an abattoir for human consumption. The Primary Industries Levies and Charges Collection Act 1991, gives the Department of Agriculture authorisation to collect the levies from processors. All collected levies are then forwarded onto AMPC.


The current rates of levies are outlined in the Primary Industries (Excise) Levies Act 1999.

Performance review

Under its Funding Agreement (FA) with the Commonwealth, AMPC is required to conduct an independent review of performance. The previous performance review addresses items relating to AMPC's operations, investments and engagement with the broader Australian meat processing industry. It is intended to provide government and other key stakeholders with an assessment of AMPC's efficiency and operational effectiveness.

Annual General Meeting

AMPC 2021 Annual General Meeting (AGM) will be held on 16 November 2021.

The 2021 business for AMPC AGM as set out in the Notice of Meeting will include: consideration of financial statements and reports, amendment of the Company Constitution and questions and comments.