Document ID: chunk:federal_register_of_legislation:F2024L01568:clause:1_3:p1
Version: federal_register_of_legislation:F2024L01568
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 1/2)
Character Range: 328125–330710

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.

18‑4  Process for obtaining exemption from giving monthly returns—levy payers
 (1) A person who:
 (a) is a levy payer for levy imposed on wool that is sold by the levy payer in a financial year other than to a business purchaser; or
 (b) is a levy payer for levy imposed on wool that is used by the levy payer in a financial year in the production of other goods;
is not required to give returns for calendar months in the year if:
 (c) the person applies to the Secretary for an exemption from the requirement to give returns for calendar months in the year; and
 (d) the person applies before the end of the first calendar month in the year in which such levy is imposed; and
 (e) the Secretary grants the 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 wool 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.

18‑5  Process for obtaining exemption from giving monthly returns—collection agents
 (1) For the purposes of subclause 18‑2(3), the person who is the liable collection agent in the sale case is not required to give returns for calendar months in the financial year if:
 (a) the person applies to the Secretary for an exemption from the requirement to give returns for calendar months in the year; and
 (b) the person applies before the end of the first calendar month in the year in which levy is imposed on wool where the person is liable to pay an equivalent amount; and
 (c) the Secretary grants the exemption under section 10.
Note: Under subclause 18‑2(3), the exporting agent in the export case must give monthly returns.
 (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 levy imposed on wool and to the financial year will be less than $500.
Note: For rules about the form of applications, granting exemptions and revoking exemptions, see section 10.

Part 1‑5—Other animals

Division 19—Introduction

19‑1  Simplified outline of this Part

      Farmed prawns
      The farmed prawns levy, white