AgriFutures Tea Tree Oil Program RD&E Snapshot
You know you pay a tea tree oil levy, but did you know the AgriFutures Tea Tree Oil Program is responsible for managing and investing...
Published: 30 Mar 2018
Author(s): Taylor, Victoria
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The Australian Tea Tree Industry has “emerged”! After more than 20 years of collaborative research between AgriFutures Australia and Tea Tree Oil producers, this is the first 5 Year RD&E Plan for the industry funded by statutory levies. An R&D levy of 25¢ per kilogram of Tea Tree Oil was introduced on 1 July 2017, providing industry with reliable and secure research funding. At AgriFutures Australia, the Tea Tree Oil Industry has moved from our Emerging Industries arena to now be managed in the Growing Profitability arena.
In this plan the Australian Tea Tree Oil Industry has set renewed ambitious RD&E targets to drive the sustainable growth of the industry. When achieved, increasing numbers of global consumers will have access to, and be aware of, the benefits of this unique ingredient from the Australian bush.