Production Payment. The “Production Payment” is paid on top of the Minimum Price. It is determined by reference to the total milk solids (fat and protein) supplied by the Supplier to Riverina Fresh during the term of this Agreement. Production Payments will be made for every kilogram of milk solids supplied at the relevant band (based on total kilograms of milk solids) reached by the Supplier for the month. The Production Payment will be made monthly in arrears and is payable on the combined total milk solids supplied by the Supplier for the month. Applicable GST will be added to the amounts below. Production Payment Bands Butterfat & Protein / month Approximate litres* c/kg Butterfat c/kg Protein 2,001 – 5000 kg 28001 - 70,000 5.0 11.0 5,001 – 9,000 kg 70,001 – 125,000 10.0 22.0 9,001 – 14,000 kg 125,001 – 195,000 12.0 26.0 14,001 – 19,000 kg 195,001 – 264,000 17.0 37.0 19,001 kg – 24,000 kg 264,001 – 333,000 21.0 46 .0 24,001 kg – 35,000 kg 333,001 – 486,000 25.0 55.0 35,0001 kg and above 486,001 and above 30.0** 66.0** * Actual payments are based on Butterfat & Protein ** The numbers for 35,0001kg and above represent minimum amounts.
Appears in 7 contracts
Samples: Exclusive Milk Supply Agreement, Non Exclusive Milk Supply Agreement, Non Exclusive Milk Supply Agreement
