Home / Knowledge / News / Textiles / Cotton Australia welcomes final IPART report
Cotton Australia welcomes final IPART report
17
Dec '15
Cotton Australia, the apex representative body for Australia's cotton growing industry, has welcomed the recommendations made by the Independent Pricing and Regulatory Tribunal (IPART) regarding compensation for landholders.

As part of its NSW Gas Plan, the NSW Government had asked IPART for recommendations on compensation benchmarking.

“Understandably, many cotton growers remain deeply concerned about coal seam gas development in the state, and in particular the potential impacts on land and water resources, despite the efforts of IPART's reports to bolster compensation regimes for landholders, ” Cotton Australia General Manager, Michael Murray said in a press release.

IPART's draft report, issued in September, was welcomed by Cotton Australia on behalf of growers because it recognised that a one-size-fits-all approach would not work for compensation payments.

“IPART's draft report proposed a bespoke model that allows landholders to estimate compensation benchmarks using information specific to their circumstances,” Murray said.

“We welcomed the proposal in the draft report that gas companies should fund benefit payments to landholders, which recognised the impost on agricultural operations from coal seam gas operations.”

“IPART's final report recommends gas companies be allowed to make in-kind and agreed contributions to growers. While upgrades to roads and fences might benefit growers, these would be in addition to compensation payments and rebates of costs incurred through the negotiation process. We urge growers to seek professional advice when negotiating these benefits and land access agreements.”

Murray said IPART's final report is a step forward, but there is much work to be done in order to ensure growers receive fair compensation for time spent during negotiations, and incurred costs.

“IPART's final report supports caps on costs associated with landholders seeking professional and legal advice incurred during the negotiation process. These caps are to be determined by the NSW Minister for Industry, Resources and Energy, and we will be following up to ensure growers have a voice in determining the extent of the caps.”

“Furthermore, IPART has recommended further support measures - including legislative provisions - to ensure landholder compensation equals that available to growers in other states. We are looking for support from the NSW Government in introducing such legislation into NSW Parliament.” (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X