Document ID: chunk:federal_register_of_legislation:F2024L01568:clause:2_3
Version: federal_register_of_legislation:F2024L01568
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 551640–554250

3               For how long must the person keep the records?  Until the end of the period of 5 years beginning on the day after the end of the financial year

Note: 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.

40‑4  Process for obtaining exemption from giving quarterly returns—levy payers
 (1) A person who is a levy payer for levy imposed on bananas that are sold by the person in a financial year to a consumer at a wholesale produce market is not required to give returns for quarters in the year if:
 (a) the person applies to the Secretary for an exemption from the requirement to give returns for quarters in the year; and
 (b) the person applies before the end of the first quarter in the year in which such levy is imposed; and
 (c) the Secretary grants that exemption under section 10.
 (2) The person may apply only if the person reasonably believes that the total amount of levy that the person will pay, or will be likely to pay, in relation to bananas and the financial year will be less than $500.
Note: For rules about the form of applications, granting exemptions and revoking exemptions, see section 10.

40‑5  Process for obtaining exemption from giving quarterly returns—collection agents
 (1) For the purposes of subclause 40‑2(3), the person who is the liable collection agent is not required to give returns for quarters in the financial year if:
 (a) the person applies to the Secretary for an exemption from the requirement to give returns for quarters in the year; and
 (b) the person applies before the end of the first quarter in the year in which levy is imposed on bananas where the person is liable to pay an equivalent amount; and
 (c) the Secretary grants the exemption under section 10.
 (2) The person may apply only if the person reasonably believes that the total equivalent amount that the person will pay, or will be likely to pay, in relation to bananas and the financial year will be less than $500.
Note: For rules about the form of applications, granting exemptions and revoking exemptions, see section 10.

Division 41—Cherries

41‑1  Obligations of levy payers or charge payers

When cherry levy due and payable
 (1) For the purposes of section 8 of the Act, for levy imposed on cherries that are sold by the levy payer in a period of 12 months beginning on 1 April, this table has effect.

Cherry levy
Item         Matter                                                                                                                                              Rule