Rice Vesting Amendment Bill Passed

Yesterday, the Rice Marketing Amendment Bill 2024 passed through the NSW Government. The Bill amends the Rice Marketing Act 1983 to deregulate the NSW rice industry by 1 July 2025.

The President of the Ricegrowers' Association (RGA), Peter Herrmann, said: "While the passing of the Bill marks the end of almost 100 years of rice vesting in NSW, it marks a new era for the Australian rice industry and for our members.

"Although the change is not in keeping with our historic policy position, the RGA believes the removal of vesting arrangements can provide new opportunities for Riverina rice growers as we traverse economic and federal water reform challenges.

“We thank the Minister for collaborating with us once the findings of the ABARES report had been considered. The RGA looks forward to ongoing engagement through the Stakeholder Reference Group to ensure a smooth transition brought about by this Bill.

“The RGA will form part of the Rice Transition Group’s Stakeholder Reference Group and commits to working closely with the NSW Government and all rice industry stakeholders to ensure a smooth transition for our members.”

The RGA welcomes the commitment given by the Minister to ensure any residual funds from the Rice Marketing Board will be applied for the benefit of NSW growers and the NSW rice industry.