Document ID: chunk:federal_register_of_legislation:C2013A00146:clause:4_30b:p1
Version: federal_register_of_legislation:C2013A00146
Segment Type: clause
Provision Reference: sch 4 cl 30B (pt 1/3)
Character Range: 18586–21139

30B  Separately levied fishery payments
 (1) In this section, a reference to an amount spent or required to be spent by an R&D Corporation under section 33 does not include a reference to an amount spent or required to be spent in relation to marketing activities.

Levy payments
 (2) There are to be paid to an R&D Corporation established in respect of the fishing industry amounts equal to:
 (a) if a levy on a separately levied fishery is attached to the Corporation—the amounts from time to time received by the Commonwealth, under the Collection Act, as:
 (i) the research component of that levy; and
 (ii) amounts (if any) paid, on behalf of a person liable to pay that levy, by another person, in respect of the research component of that levy; and
 (iii) amounts of penalty for non‑payment of that levy, to the extent that the penalty is attributable to the non‑payment of the research component of that levy; and
 (iv) the marketing component of that levy; and
 (b) amounts worked out under subsection (3) in respect of the separately levied fishery.

Matching payments
 (3) The amounts to be paid to an R&D Corporation under paragraph (2)(b) in respect of the separately levied fishery, during a particular financial year, are as follows:
 (a) an amount equal to 0.5% of interim GVP for the fishery for that year or, if the amount spent or required to be spent by the Corporation under section 33 in relation to the separately levied fishery (other than paragraph 33(1)(d)) for that financial year is less than 0.5% of that interim GVP, an amount equal to that lesser amount;
 (b) where the amount so spent or required to be spent by the Corporation in relation to the fishery for that financial year is more than 0.5% of interim GVP for that year:
 (i) if that amount is not less than 1% of that interim GVP—an amount equal to 0.25% of that interim GVP; or
 (ii) if that amount is more than 0.5%, but less than 1%, of that interim GVP—half of the amount equal to the percentage of that interim GVP by which the amount spent or required to be spent was more than 0.5% of that interim GVP;
  reduced, unless the regulations provide otherwise, by the amount (if any) by which the amount worked out under subparagraph (i) or (ii) (as the case may be) exceeds the total of the amounts paid to the Corporation during the year under subparagraphs (2)(a)(i) and (ii) (less the sum of any refunds paid in relation to levies covered by those subparagraphs).
 (4) If:
 (a) an amount is paid to the Corporation under paragraph (2)(b) in a financial year;