The royalty payable per plant is currently $4 + GST and this figure is set by the owners of the PBR. This amount of royalty is collected by the licensed nursery at the point of sale for plants and is remitted back to the owner of the PBR.
Macadamia Innovation receives a small percentage of this royalty as the commercialisation fee for managing access to and sales of any of the new varieties.
The remaining amount of the royalty is returned to the owners of the Plant Breeders’ Rights (PBR) for each variety. A part of the revenue from the royalty is returned back to the Macadamia Fund managed by Hort Innovation for re-investment into industry R&D projects, including further breeding programs.
For more information about where the royalty payment ends up click here