Australian Cattle Trade Rules & Cattle Contracts
Australian Cattle Trade Rules
The Australian Cattle Trade Rules (ACTR) are industry standard terms and conditions that assist in the contracting of cattle by all Australian cattle market participants. They underpin cattle contracts, forming the basis for trade and as such, they guide the actions of the buyer and seller for the life of the contract.
The Australian Cattle Trade Rules provide:
- Consistency in contract terms and conditions
- Transparency in the contracting process
- Clarity in business arrangements, thereby reducing risk of dispute
- Robust dispute resolution in the event of default
The Australian Cattle Trade Rules outline:
- The obligations of both the buyer and seller
- What actions may be taken when these obligations aren’t met
- The process for dispute resolution
Use of the ACTR is voluntary, they can be used with existing contracts or in conjunction with the Cattle Contract pro forma.
Once parties have entered into a contract with specific reference to the ACTR, they are bound by the Trade Rules for that contract.
In the event of any inconsistencies between the contract and the ACTR, the terms of the contract will prevail.
The ACTR are supported by Grain Trade Australia’s (GTA’s) dispute resolution service, a well utilised and respected service within the grains industry.
Cattle Contract pro forma
The Cattle Contract pro forma provides a simple template for contracts. It can be used as is or adjusted to suit your individual needs.
‘A Guide to Taking out Contracts for Cattle’ is a practical checklist for the sale of cattle under contract. The guide assists buyers and sellers in understanding how to use the Australian Cattle Trade Rules (ACTR) to strengthen the cattle contracting process.
The guide includes explanations of:
- ACTR Standard Terms and Conditions
- ACTR Common Terms and Definitions
- The GTA Dispute Resolution Service.
The ACTR are endorsed by the Cattle Council of Australia (CCA), the Australian Lot Feeders Association (ALFA), the Australian Livestock and Property Agent’s Association (ALPA) and Meat & Livestock Australia (MLA).
Contact: Ben Thomas, MLA
P: (02) 9463 9333