Document ID: chunk:federal_register_of_legislation:F2024L01727:reg:22:p1
Version: federal_register_of_legislation:F2024L01727
Segment Type: reg
Provision Reference: reg 22 (pt 1/3)
Character Range: 43402–46121

22  Disbursement of amounts—white spot disease repayment levy and white spot disease repayment export charge

Prescribed imposition provisions
 (1) For the purposes of subsection 36(2) of the Act, the prescribed provisions are the following:
 (a) subclause 20‑1(2) of Schedule 1 to the Levies Regulations (white spot disease repayment levy);
 (b) subclause 20‑1(2) of Schedule 1 to the Charges Regulations (white spot disease repayment export charge).
Note: Amounts equal to white spot disease repayment levy or white spot disease repayment export charge received by or on behalf of the Commonwealth:
(a) are initially retained by the Commonwealth to repay the government‑underwritten assistance package provided to prawn farmers affected by white spot disease in the Logan River area of Queensland; and
(b) after the farmed prawn industry's liability to the Commonwealth is repaid, are to be paid to the Fisheries Research and Development Corporation under the Act.

Prescribed amounts
 (2) For the purposes of subsection 36(2) of the Act, the prescribed amounts in relation to the levy covered by that subsection are the following amounts:
 (a) the amount of the final repayment year surplus that is attributable to that levy (as worked out under subsection (4) of this section);
 (b) any amounts of that levy that are due for payment before the end of the final repayment year but are not received by the Commonwealth before the end of that year;
 (c) any amounts of that levy that are due for payment after the end of the final repayment year.
 (3) For the purposes of subsection 36(2) of the Act, the prescribed amounts in relation to the charge covered by that subsection are the following amounts:
 (a) the amount of the final repayment year surplus that is attributable to that charge (as worked out under subsection (4) of this section);
 (b) any amounts of that charge that are due for payment before the end of the final repayment year but are not received by the Commonwealth before the end of that year;
 (c) any amounts of that charge that are due for payment after the end of the final repayment year.

Final repayment year surplus attributable to a levy or charge
 (4) The amount of the final repayment year surplus that is attributable to a levy or charge covered by subsection 36(2) of the Act is worked out using this formula:

Outstanding industry debt
 (5) The outstanding industry debt at the end of a financial year commencing on or after 1 July 2025 (the repayment year) is:
 (a) if the total repayment amount for the repayment year is less than the outstanding industry debt at the end of the immediately preceding financial year—the amount worked out by calculating the difference between that