Document ID: chunk:federal_register_of_legislation:F2024L01568:clause:2_3
Version: federal_register_of_legislation:F2024L01568
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 752046–753318

3               For how long must the levy payer keep the records?  Until the end of the period of 5 years beginning on the day after the end of the period of 12 months beginning on 1 October in which the levy is imposed

Note 1: 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.
Note 2: A person claiming a levy exemption has record‑keeping obligations, see clause 52‑3.

52‑2  Obligations of collection agents
 (1) This clause sets out obligations that are imposed on a person if:
 (a) levy is imposed on olives that are sold by the levy payer in a period of 12 months beginning on 1 October to a business purchaser (whether directly or through a selling agent or buying agent or both) (the sale case); or
 (b) levy is imposed on olives that are processed for the levy payer in a period of 12 months beginning on 1 October (the processing case).

Payment of equivalent amounts
 (2) For the purposes of subsection 10(1) of the Act, this table has effect.

Payment of equivalent amounts
Item                           Matter                                                                                                                                                           Rule