What is the pyrethrum voluntary levy?
The voluntary pyrethrum R&D levy was established for investment through the pyrethrum collective industry fund (CIF), now known as the Hort Innovation Pyrethrum Fund. It is currently set at 2.5 per cent of crop payment.
It is Hort Innovation’s responsibility to work with the industry to invest this voluntary levy, together with Australian Government funds, into strategic R&D initiatives.
Where do investment ideas come from?
Great investments start with great ideas, and Hort Innovation encourages all growers and other industry participants to share their thoughts and suggestions for the work they want to see.
Ideas can be submitted any time via Hort Innovation’s investment idea form.
How are voluntary levy decisions made?
Hort Innovation is currently working closely with the pyrethrum industry to finalise a Strategic Investment Plan (SIP) for the Pyrethrum Fund, which will outline key industry priorities for investment.
The SIP will be used like a ‘roadmap’ by the pyrethrum Strategic Investment Advisory Panel (SIAP), which is a panel made up of growers, representatives of Botanical Resources Australia and other industry participants that has a key role to play in the investment process.
Like the SIP, the full SIAP is also currently being finalised with industry. The SIAP will then be responsible for discussing investment ideas at consultation meetings - with the SIP guiding them - in order to provide advice to Hort Innovation on potential voluntary levy investments.
What happens next?
The SIAP’s advice is used by Hort Innovation to work suitable ideas into project proposals. The proposals are then made public for potential delivery partners to submit responses. Current opportunities are always listed on the Partnership opportunities page, in the delivery partners section of this website.
At the end of the process the responses are assessed, often with the assistance of industry, and the best delivery partner for the work is chosen. A contract is then issued and the work begins.
How can I keep track of investments?
Investments in the Hort Innovation Pyrethrum Fund are detailed in the Your investments page of this Pyrethrum Fund section of Hort Innovation’s website. Resources that are produced by the projects – such as fact sheets and guides – are also available through the Research reports and more page.
Hort Innovation also sends alerts about project updates to its members. Paying a voluntary levy doesn’t automatically make you a Hort Innovation member, but signing up is free here.