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: 439688–441768

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.

31‑4  Process for obtaining exemption from giving quarterly returns—collection agents
 (1) For the purposes of subclause 31‑2(3), a person 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 threshold quarter in the year for a levy payer in which levy is imposed by clause 31‑1 of Schedule 2 to the Primary Industries (Excise) Levies Regulations 2024 on logs 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 such logs and the financial year will be less than $1,000.
Note: For rules about the form of applications, granting exemptions and revoking exemptions, see section 10.

Division 32—Forest industries products levy

32‑1  Obligations of levy payers

When forest industries products levy due and payable
 (1) For the purposes of section 8 of the Act, for:
 (a) levy imposed by clause 32‑1 of Schedule 2 to the Primary Industries (Excise) Levies Regulations 2024 on logs that are processed at a processing establishment in a quarter in a financial year; or
 (b) levy imposed by clause 32‑1 of Schedule 2 to the Primary Industries (Excise) Levies Regulations 2024 on logs that are turned into woodchips in the field and the woodchips are delivered to a processing establishment in a quarter in a financial year;
this table has effect.

Forest industries products levy
Item                             Matter                             Rule