Commonwealth Numbered Regulations

1986 No. 166 DAIRY PRODUCE REGULATIONS - REG 14

14. (1) For the purposes of sub-section 98 (2) of the Act, the trend price per
unit in respect of each unit of dairy produce of a particular kind that is
underwritten dairy produce in respect of a financial year shall be ascertained
by means of a time trend analysis of average export prices over a period of 8
years using the statistical method known as ordinary least squares analysis in
accordance with sub-regulation (2).

(2) The assessment referred to in sub-regulation (1) in respect of dairy
produce of a particular kind shall be performed-

   (a)  by estimating the average export price for each unit of underwritten
        dairy produce of that kind for each of the 7 financial years
        immediately preceding the financial year in respect of which the trend
        price is to be ascertained and forecasting the estimated average
        export price per unit of the underwritten dairy produce for the
        financial year in respect of which the trend price is to be
        ascertained; and

   (b)  applying an estimated trend line derived from the statistics referred
        to in paragraph (a) to obtain the value for the trend price per unit
        of the underwritten dairy produce in respect of the year for which the
        trend price is to be ascertained.
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