Document ID: chunk:federal_register_of_legislation:F2024L01568:clause:1_3
Version: federal_register_of_legislation:F2024L01568
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 254636–255966

3               For how long must the person keep the records?  Until the end of the period of 5 years beginning on the day after the end of the financial year

Note: Section 18 of the Act contains an offence and a civil penalty for failing to make or keep the records in accordance with this instrument.

Subdivision 14‑B—Sheep and lambs transaction levy

14‑4  Obligations of levy payers

When sheep and lambs transaction levy due and payable
 (1) For the purposes of section 8 of the Act, for:
 (a) levy imposed by subclause 14‑6(1) of Schedule 1 to the Primary Industries (Excise) Levies Regulations 2024 on each transaction entered into by which the ownership of sheep or lambs is transferred in a calendar month from one person to another; or
 (b) levy imposed by subclause 14‑6(2), (3) or (4) of Schedule 1 to the Primary Industries (Excise) Levies Regulations 2024 on the slaughter in Australia at an abattoir of sheep or lambs in a calendar month;
this table has effect.

Sheep and lambs transaction levy
Item                              Matter                                                                                                                                                                                                                                                                               Rule