Document ID: chunk:federal_register_of_legislation:F2010L02473:body:0:p5
Version: federal_register_of_legislation:F2010L02473
Segment Type: other
Provision Reference: 
Character Range: 10712–12332

required by paragraph (a) to be recorded within 14 days after the end of the month in which the Authority receives the information referred to in clause (1) of this step.

 (4) In paragraph (3) (a) of this step, allowable discrepancy means:
 (a) a discrepancy of no more than 1 megalitre in relation to the volume of any transfer; or
 (b) a discrepancy arising because an application made towards the end of a month is considered and reported on by either the transferor's authority or the transferee's authority in that month, but is not considered and reported on by the other of those Authorities until the following month; or
 (c) a discrepancy arising from the transferee's authority processing a transaction on a later date than the transferor's authority.

 (5) A licensing authority that receives a report mentioned in paragraph (3) (b) of this step must:
 (a) give an explanation of the discrepancy to the Authority, within 14 days after receiving the report; and
 (b) in consultation with the Authority, promptly seek to resolve the discrepancy.

 (6) If a discrepancy is not resolved within the same month in which a licensing authority receives the report mentioned in paragraph (3) (b) of this step, the Authority must:
 (a) inform the next meeting of the Trade Working Group or its successor; and
 (b) report the discrepancy to the independent auditor referred to in subclause 16 (5) of Schedule D for that year.

Notes

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.