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, with the management of the company, 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.
Red Meat Industry Memorandum of Understanding 1998 (MOU)
The Red Meat Industry Memorandum of Understanding 1998 (MOU) describes the inter-relationships of all organisations within the red meat sector. The signatories to the MOU are:
- The Australian Government.
- Australian Meat Processor Corporation (AMPC).
- Meat & Livestock Australia Ltd (MLA).
- Australian Livestock Export Corporation Ltd (LiveCorp).
- Australian Meat Industry Council (AMIC).
- Cattle Council of Australia (CCA).
- Sheepmeat Council of Australia (SCA).
- Australian Lot Feeders’ Association (ALFA).
- Australian Livestock Exporters Council (ALEC).
The MOU incorporates the definition of agreed roles and responsibilities; funding, planning and service delivery arrangements; and the Meat Industry Strategic Plan (MISP). Within that framework AMPC has a primary role in maximising the long-term viability and sustainability of the red meat processing sector by providing innovative outcomes that:
- Improve efficiency and competitiveness.
- Enhance sustainability of the sector.
- Assist in protecting and securing market access.
- Enhance capability and innovative capacity.
- Increase overall productivity and performance.
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.
2016-2020 Performance Review
Board Response to 2016-2020 Performance Review