The Albanese Labor Government continues to support Australia’s wheat export industry and is today releasing the response to the 2024 sunsetting review and an exposure draft of the streamlined Wheat Port Code for consultation.
The 2024 sunsetting review found the current Code is no longer fit-for-purpose and recommended industry move to a self-regulatory model. The Government has accepted the findings of the review.
To provide certainty during the transition to self-regulation, the Government will remake the Wheat Port Code in a streamlined form, with this code to remain in place for three years.
This will ensure appropriate regulatory oversight remains in place while industry develops an effective self-regulatory framework.
Australia’s wheat industry is one of the nation’s most significant agricultural export sectors with a forecast value of approximately $10 billion in 2025-26.
The Government is now seeking stakeholder feedback on an exposure draft through the Department of Agriculture, Fisheries and Forestry’s Have Your Say platform, with consultation to remain open for three weeks.
Feedback received through consultation will help ensure the streamlined Code continues to support transparency, competition and the efficient operation of Australia’s wheat export market.
