Document ID: chunk:federal_register_of_legislation:C2024C00256:section:6:p2
Version: federal_register_of_legislation:C2024C00256
Segment Type: section
Provision Reference: s 6 (pt 2/2)
Character Range: 8317–9110

365 days—the number of days in the reference year.
reference days means the number of days in relation to a depot in the reference year during which the depot was licensed under Part IVA of the Customs Act.
 (5) If a depot licence is granted for a period that is less than a year, the amount of depot licence charge payable as set out in section 77U in respect of that grant is the amount worked out using the formula:

where:
annual rate is the amount determined in accordance with subsection (2).
licence days is the number of days during which the licence is in force under that grant.
days in the year means:
 (a) if paragraph (b) does not apply—365; or
 (b) if the financial year in which the licence is in force is not constituted by 365 days—the number of days in that financial year.