Document ID: chunk:federal_register_of_legislation:F2024L01568:clause:2_3:p1
Version: federal_register_of_legislation:F2024L01568
Segment Type: clause
Provision Reference: sch 2 cl 3 (pt 1/2)
Character Range: 586380–588948

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.

42‑4  Process for obtaining exemption from giving quarterly returns—levy payers or charge payers
 (1) A person who:
 (a) is a levy payer for levy imposed on chestnuts that are sold by the levy payer by retail sale in a financial year; or
 (b) is a levy payer for levy imposed on chestnuts that are processed by the levy payer in a financial year; or
 (c) is a charge payer for charge imposed on chestnuts that are exported in a financial year other than through an exporting agent;
is not required to give returns for quarters in the year if:
 (d) the person applies to the Secretary for an exemption from the requirement to give returns for quarters in the year; and
 (e) either:
 (i) if paragraph (a) applies—the person applies before the end of the threshold quarter in the year; or
 (ii) if paragraph (b) or (c) applies—the person applies before the end of the first quarter in the year in which such levy or charge is imposed; and
 (f) the Secretary grants the exemption under section 10.
 (2) The person may apply only if the person reasonably believes that the sum of the amount of levy and charge that the person will pay, or will be likely to pay, in relation to chestnuts and the financial year will be less than $500.
Note: For rules about the form of applications, granting exemptions and revoking exemptions, see section 10.

42‑5  Process for obtaining exemption from giving quarterly returns—collection agents
 (1) For the purposes of subclause 42‑2(3), a person is not required to give returns for quarters in the financial year if:
 (a) the person applies to the Secretary for an exemption from the requirement to give returns for quarters in the year; and
 (b) the person applies before the end of the first quarter in the year in which levy or charge is imposed on chestnuts where the person is liable to pay an equivalent amount; and
 (c) the Secretary grants the exemption under section 10.
 (2) The person may apply only if the person reasonably believes that the total equivalent amount that the person will pay, or will be likely to pay, in relation to chestnuts and the financial year will be less than $500.
Note: For rules about the form of applications, granting exemptions and revoking exemptions, see section 10.

Division 43—Citrus