BSES Limited (BSES) members overwhelmingly voted yes to transfer the organisation’s assets and liabilities into the new Industry-Owned Company (IOC) Sugar Research Australia (SRA) yesterday.
Subscribe now for unlimited access to all our agricultural news
across the nation
or signup to continue reading
SRA will bring together the activities and assets of BSES and the Sugar Research and Development Corporation (SRDC), and aspects of the milling research activity of Sugar Research Limited (SRL).
“The BSES Board would like to thank our grower and mill owner members whose resounding vote has cemented the next step to form SRA,” BSES Chairman, Mr Paul Wright said.
“89 per cent of the grower members’ and 100 per cent of the mill owner members’ votes received agreed to support the resolution for the asset transfer,” he said.
“This decisive outcome showed that the sugar industry supports a single-entity research management and research company that will address national RD&E priorities and deliver good science at a local level.”
The Australian Sugar Industry Alliance, which includes CANEGROWERS and the Australian Sugar Milling Council, will continue to work with the Minister and the Department of Agriculture, Fisheries and Forestry to finalise the Constitution and key governance issues.
“I would like to acknowledge the support provided by the Australian Sugar Industry Alliance in this voting process and the continued activities that will see SRA shortly become a reality,” said Mr Wright.
