Document ID: chunk:federal_register_of_legislation:C2022A00094:clause:1_12
Version: federal_register_of_legislation:C2022A00094
Segment Type: clause
Provision Reference: sch 1 cl 12
Character Range: 7897–8737

12  Subsection 4(4)
Repeal the subsection (including the note), substitute:
 (4) The amount of levy imposed by subsection (1) on a licensee in respect of the manufacture of a substance other than an SGG in a reporting period is the amount prescribed, or worked out in accordance with a method prescribed, by the regulations for the purposes of this subsection.
 (5) Before the Governor‑General makes regulations for the purposes of subsection (4), the Minister must be satisfied that the effect of this Act and the Import Levy Act will be to recover no more than the Commonwealth's likely costs of the kind mentioned in paragraph 65D(a), (b), (c) or (ca) of the Management Act.
 (6) For the purposes of subsection (5), disregard any costs that are likely to be offset by fees charged under the Management Act or regulations made under it.