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: 476601–477820

3               For how long must the levy payer keep the records?  Until the end of the period of 5 years beginning on the day after the end of the financial year in which the levy is imposed

Note 1: 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.
Note 2: A person claiming a levy exemption has record‑keeping obligations, see clause 36‑3.

36‑2  Obligations of collection agents
 (1) This clause sets out obligations that are imposed on a person (the seller) if:
 (a) levy is imposed on mushroom spawn that is purchased by the levy payer in a quarter in a financial year from the seller and the seller carries on operations in Australia; and
 (b) the levy payer does not hold an approval under clause 36‑4 for that year.
Note: For when mushroom spawn is purchased, see clause 36‑5.

Payment of equivalent amounts
 (2) For the purposes of subsection 10(1) of the Act, this table has effect.

Payment of equivalent amounts
Item                           Matter                                                                                                                                                                   Rule