The South Australian Potato Industry Trust (SAPIT)
The South Australian Potato Industry Trust (SAPIT) was established in 1997 through the signing of a Trust Deed agreement between the then Minister for Primary Industries and the trustees. It replaces the original government-appointed Potato Industry Trust Fund Committee which had functioned since 1987. The Trust comprises four trustees (three appointed by industry and one government representative appointed by the Minister). Administrative support to the trust is provided by the Rural Services Division, Royal Adelaide Show.
The trustees are:
- Mr Terry Buckley, J & FL Buckley & Sons, Chair
- Mr Mark Pye, The Pye Group
- Ms Denise Little, Primary Industries & Regions South Australia (PIRSA)
A fourth trustee is currently being determined.
The South Australian Potato Industry Trust Fund was established to manage residual funds derived from the sale of assets of the South Australian Potato Marketing Board. Assets of the fund were originally accumulated through grower levies collected by the Board. The Trust Deed agreement provides specific guidelines for management of the funds in accordance with the SAPIT Strategic Plan.
In the past, funding has been made available for investment in industry projects including research, extension and promotion for the long term development, profitability and sustainability of the South Australian potato industry.
Potatoes South Australia Incorporated was supported by the South Australian Potato Industry Trust (SAPIT) until November 2013. A long term funding model involving a voluntary levy across all sectors, endorsed by the Board and key stakeholders, is now in place. This is critical for both the sustainability of the organisation as a self-sufficient not-for-profit entity and for the long term economic growth of the industry and its stakeholders.