Dairy Produce Act 1986 to finalise the Dairy Industry Adjustment Program by terminating the dairy adjustment levy, winding-up the Dairy Structural Adjustment Fund and terminating the Dairy Adjustment Authority. Also makes consequential amendments to the
Income Tax Assessment Act 1997,
Remuneration Tribunal Act 1973 and
Social Security Act 1991 to remove references to the Dairy Industry Adjustment Program; repeals the
Dairy Adjustment Levy (Customs) Act 2000,
Dairy Adjustment Levy (Excise) Act 2000 and
Dairy Adjustment Levy (General) Act 2000 which set the dairy adjustment levy rate; and includes a regulation-making power to make transitional arrangements.