Document ID: chunk:federal_register_of_legislation:F2018L01302:reg:7
Version: federal_register_of_legislation:F2018L01302
Segment Type: reg
Provision Reference: reg 7
Character Range: 3117–4208

7  Remission of levy
 (1) A Collector must remit levy payable in respect of a ship for which levy has most recently been paid under subsection 6(1) of the Act if the ship is prevented from putting to sea:
 (a) on the day the levy becomes payable; and
 (b) on more than 30 consecutive days up to and including the day before the levy becomes payable.
 (2) A Collector must remit an amount of levy, worked out under subsection (3), if:
 (a) the levy is payable in respect of a ship under subsection 6(1) of the Act; and
 (b) the levy becomes payable before the end of 3 months beginning on the day levy paid in respect of the ship under subsection 6(2) or (3) of the Act became payable.
 (3) The amount to be remitted under subsection (2) is worked out in accordance with the formula:
where:
A means the amount of levy payable.
N means the number of days from the start of the day the levy becomes payable under subsection 6(1) of the Act to the end of the 3 month period mentioned in paragraph (2)(b).
Q means the number of days in the quarter beginning on the day the levy becomes payable.