The Albanese Labor Government continues to back Australia’s wheat export industry with today’s release of a streamlined Wheat Port Code.
The remade Wheat Port Code will provide the appropriate regulatory settings to support a productive, profitable and sustainable wheat export industry.
The new Code was developed in response to the sunsetting review of the Wheat Port Code, which recommended an industry transition to self-regulation.
The Government has accepted the findings of the review, and the remade Code will take effect on 1 October 2026.
Australia’s wheat industry is a major contributor to our agricultural exports, economy and regional communities with a forecast value of approximately $8.9 billion in 2026-27.
The remade Code, which will take effect on 1 October 2026 and remain in place for 3 years, will ensure we continue to support a modern, competitive export market for all Australians.
The new Code focuses on good faith and transparency obligations relating to the operation of port terminal facilities through timely publication of port loading statements, port loading protocols, and standard terms and reference prices.
This will ensure the Code is fit for purpose, and regulations remain in place until industry’s self-regulation is developed.
By transitioning to self-regulation, industry will benefit from reduced regulatory barriers while strengthening transparency and competition to maintain Australia’s reputation as a reliable supplier of high-quality wheat to markets around the world.
