11524, or the Coconut Farmers and Industry Trust Fund Act, took effect on March 13, 2021. ADVERTISEMENTThe TFMC is tasked with drafting the implementing rules and regulations (IRR) governing management of the consolidated coconut trust fund. How will the Executive satisfy the demand for public transparency and protecting the interests of the fund’s beneficial owners—the country’s 3.5 million coconut farmers and farm workers? Reconveyance of disputed coconut levy assetsDisputed levy assets (cash and non-cash) are not subject to reconveyance under RA 11524. Charles R. Avila is executive director of Confederation of Coconut Farmers’ Organization of the Philippines and former Philippine Coconut Authority administrator.

Source: Philippine Daily Inquirer June 03, 2021 11:01 UTC