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: 1082274–1083341

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 financial 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 75‑2.

75‑2  Obligations of persons claiming levy or charge exemption
  For the purposes of paragraph 59(2)(c) of the Act, this table has effect if:
 (a) turf is harvested in Australia and in a financial year is sold by the person who owns the turf immediately after it is harvested and the person considers that an exemption from levy applies; or
 (b) turf is harvested in Australia and in a financial year is exported from Australia and the person who exports the turf considers that an exemption from charge applies.

Record‑keeping
Item            Matter                                          Rule