Document ID: chunk:federal_register_of_legislation:F2024L01568:clause:2_4
Version: federal_register_of_legislation:F2024L01568
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 678823–680401

4               For how long must the levy payer or charge payer keep the records?  Until the end of the period of 5 years beginning on the day after the end of the calendar year in which the levy or charge 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 or charge exemption has record‑keeping obligations, see clause 48‑3.

48‑2  Obligations of collection agents
 (1) This clause sets out obligations that are imposed on a person if:
 (a) levy is imposed on macadamias in shell or macadamia dried kernels that are sold by the levy payer in a calendar month in a calendar year 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 macadamia dried kernels that are processed for the levy payer in a calendar month in a calendar year (the processing case); or
 (c) charge is imposed on macadamias in shell or macadamia dried kernels that are exported from Australia in a calendar month in a calendar year through an exporting agent (the export 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