Document ID: chunk:federal_register_of_legislation:C2017C00327:section:7:p23
Version: federal_register_of_legislation:C2017C00327
Segment Type: section
Provision Reference: s 7 (pt 23/45)
Character Range: 76500–79308

under this Division is $350,000.
 (3) However, if the *producer is an *associated producer of one or more other producers for a *financial year, the maximum amount of *producer rebates to which those producers are entitled as a group for the financial year under this Division is $350,000.

19‑20  Associated producers
 (1) A *producer is an associated producer of another producer for a *financial year if, at any time during that financial year:
 (a) the producer would be *connected with the other producer if subsection 328‑125(8) of the *ITAA 1997 were omitted; or
 (b) the producer:
 (i) is under an obligation (whether formal or informal); or
 (ii) might reasonably be expected;
  to act in accordance with the directions, instructions or wishes (however communicated) of the other producer in relation to the first producer's financial affairs; or
 (c) the other producer:
 (i) is under an obligation (whether formal or informal); or
 (ii) might reasonably be expected;
  to act in accordance with the directions, instructions or wishes (however communicated) of the first producer in relation to the other producer's financial affairs.
 (2) 2 *producers are associated producers if each of them:
 (a) is under an obligation (whether formal or informal); or
 (b) might reasonably be expected;
to act in accordance with the directions, instructions or wishes (however communicated) of the same third entity in relation to their financial affairs.
 (3) A *producer is an associated producer of another producer if:
 (a) the first producer:
 (i) is under an obligation (whether formal or informal); or
 (ii) might reasonably be expected;
  to act in accordance with the directions, instructions or wishes (however communicated) of a third producer in relation to the first producer's financial affairs; and
 (b) the third producer:
 (i) is under an obligation (whether formal or informal); or
 (ii) might reasonably be expected;
  to act in accordance with the directions, instructions or wishes (however communicated) of the other producer in relation to the third producer's financial affairs.

19‑25  Excess claims
 (1) If the sum of the amounts of *producer rebates that you claim because of subsection 19‑5(1) for *tax periods during the *financial year exceeds the amount of the *producer rebates to which you are entitled in respect of the financial year, you are liable to pay an amount equal to that excess.
 (1A) If the sum of the amounts of *producer rebates that you claim because of subsection 19‑5(2) for the *financial year exceeds the amount of the producer rebates to which you are entitled in respect of that financial year, you are liable to pay an amount equal to that excess.
 (2) Subsection (3) applies if a *producer is an *associated producer of one or more other producers for a