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: 354039–355094

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 financial year 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 22‑2.

22‑2  Obligations of persons claiming levy exemption
  For the purposes of paragraph 59(2)(c) of the Act, this table has effect if:
 (a) macropods are processed at a processing establishment in Australia in a financial year and the macropods:
 (i) were killed in their habitat by a shot from a firearm; and
 (ii) are for human or animal consumption; and
 (b) the proprietor of the establishment considers that an exemption from levy applies under clause 22‑2 of Schedule 1 to the Primary Industries (Excise) Levies Regulations 2024.

Record‑keeping
Item            Matter                                              Rule