Document ID: chunk:federal_register_of_legislation:F2024L01568:clause:1_3
Version: federal_register_of_legislation:F2024L01568
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 286226–288627

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.

Part 1‑4—Livestock products

Division 15—Introduction

15‑1  Simplified outline of this Part

      Whole milk
      The dairy produce levy is to be collected.
      The levy is payable, and returns are due, after the end of each calendar month. An annual return also needs to be given.
      There are collection agent obligations on proprietors of processing establishments, selling agents, buying agents or business purchasers.
      There are record‑keeping obligations.
      Goat fibre
      The goat fibre levy is to be collected.
      The levy is generally payable, and returns are generally due, after the end of each quarter in a calendar year.
      There are collection agent obligations on selling agents, buying agents or business purchasers.
      There are record‑keeping obligations.
      Wool
      The wool levy and wool export charge are to be collected.
      The levy is generally payable, and returns are generally due, after the end of each calendar month in a financial year. However, in certain circumstances levy payers may be able to give an annual return and pay the levy after the end of the financial year. The charge is payable, and returns are due, after the end of each calendar month.
      There are collection agent obligations on selling agents, buying agents, business purchasers or exporting agents.
      There are record‑keeping obligations.

Division 16—Dairy produce

16‑1  Obligations of levy payers

When dairy produce levy due and payable
 (1) For the purposes of section 8 of the Act, for:
 (a) levy imposed on whole milk that is delivered to a processing establishment in Australia in a calendar month; or
 (b) levy imposed on whole milk that is sold by the levy payer in a calendar month to a business purchaser (whether directly or through a selling agent or buying agent or both); or
 (c) levy imposed on whole milk that is processed by the levy payer in a calendar month;
this table has effect.

Dairy produce levy
Item                Matter                                                                                             Rule