Document ID: chunk:federal_register_of_legislation:F2024L01568:clause:1_4
Version: federal_register_of_legislation:F2024L01568
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 302527–304017

4                To whom is the levy payable?                                                                                                                          The Commonwealth

Note 1: For item 1, a collection agent is liable to pay an amount, on behalf of the levy payer, equal to the levy: see clause 17‑2.
 If the agent pays that amount, the levy payer's liability to pay the levy is discharged under section 10 of the Act. That section allows the agent to deduct amounts from money received by the agent on behalf of the levy payer or money payable by the agent to the levy payer, or to recover amounts from the levy payer, up to the amount of the levy.
Note 2: For penalty for late payment, see section 9 of the Act.

Threshold quarter
 (2) The threshold quarter in a calendar year, for a levy payer, is the first quarter in that year at the end of which the sum of the following is $50 or more:
 (a) the total value of goat fibre that is sold by the levy payer in that year;
 (b) the total value of goat fibre that is used by the levy payer in that year in the production of other goods.
Work out the value of goat fibre in accordance with Division 17 of Part 1‑4 of Schedule 1 to the Primary Industries (Excise) Levies Regulations 2024.

Giving quarterly returns
 (3) For the purposes of paragraph 59(2)(a) of the Act, for levy imposed on goat fibre, this table has effect.

Quarterly returns
Item               Matter                                                    Rule