New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The Board holds the interim licences to export to designated markets in the European Communities for the periods and the reduced amounts specified in subsection (2).
(2) The reductions applying to the interim licences for designated markets in the European Communities must result in each licence being,—
(a) in the 12 months to 31 December 2008,—
(i) in the case of butter, for the lesser of 75% of the total available quantity and 57 500 tonnes of that butter:
(ii) in the case of cheese for processing, for the lesser of 75% of the total available quantity and 3 000 tonnes of that cheese:
(iii) in the case of cheddar cheese, for the lesser of 75% of the total available quantity and 5 250 tonnes of that cheese:
(b) in the 12 months to 31 December 2009,—
(i) in the case of butter, for the lesser of 50% of the total available quantity and 38 333 tonnes of that butter:
(ii) in the case of cheese for processing, for the lesser of 50% of the total available quantity and 2 000 tonnes of that cheese:
(iii) in the case of cheddar cheese, for the lesser of 50% of the total available quantity and 3 500 tonnes of that cheese:
(c) in the 12 months to 31 December 2010,—
(i) in the case of butter, for the lesser of 25% of the total available quantity and 19 166 tonnes of that butter:
(ii) in the case of cheese for processing, for the lesser of 25% of the total available quantity and 1 000 tonnes of that cheese:
(iii) in the case of cheddar cheese, for the lesser of 25% of the total available quantity and 1 750 tonnes of that cheese.
Section 25 heading: substituted, on 15 December 2007, by section 8(1) of the Dairy Industry Restructuring Amendment Act 2007 (2007 No 107).
Section 25(1): substituted, on 15 December 2007, by section 8(2) of the Dairy Industry Restructuring Amendment Act 2007 (2007 No 107).
Section 25(2): amended, on 15 December 2007, by section 8(3) of the Dairy Industry Restructuring Amendment Act 2007 (2007 No 107).