Section 16: Establishment of Modernisation and Agricultural Diversification Reserve
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
16. Establishment of Modernisation and Agricultural Diversification Reserve
(1) The Modernisation and Agricultural Diversification Reserve established
under the Sugar Industry Efficiency Act 1988 shall be deemed to have been
established under this Act.
(2) —
(3) A minimum of 10 per cent of the Modernisation and Agricultural
Diversification Reserve shall be used for agricultural diversification.
(4) In this section—
“agricultural diversification” has the meaning specified in the Seventh
Schedule;
“modernisation” has the meaning specified in the Fifth Schedule.