Commonwealth Consolidated Acts

AGRICULTURAL AND VETERINARY CHEMICAL PRODUCTS (COLLECTION OF LEVY) ACT 1994 - SECT 12

Disposals during the first 6 months of any calendar year from 1995 to 2003

             (1)  Subject to subsection (2), the amount of the levy that is payable under subsection 9(1) in respect of leviable disposals of a particular chemical product during the first 6 months of a particular calendar year is the amount worked out using the formula:

where:

"rate of levy" means the percentage prescribed by the regulations for the purposes of this subsection in respect of those 6 months.

          (1A)  The regulations may prescribe a rate of levy in respect of chemical products having a listed registration under Part 2A of the Agvet Code of a jurisdiction that is a lower rate than the rate of levy prescribed in respect of chemical products registered under Part 2 of that Code.

             (2)  The total of the amounts of the levy that are payable under subsection 9(1) in respect of leviable disposals of a particular chemical product during the first 6 months of a particular calendar year is not to exceed:

                     (a)  subject to paragraph (b)--$9,500; or

                     (b)  if another amount is prescribed by the regulations for the purposes of this paragraph in respect of those 6 months--that other amount.

Disposals during the first 6 months of 2004

             (3)  Subject to subsection (4), the amount of the levy that is payable under subsection 9(1A) in respect of leviable disposals of a particular chemical product during the first 6 months of the calendar year beginning on 1 January 2004 is the amount worked out using the formula:

             (4)  The total of the amounts of the levy that are payable under subsection 9(1A) in respect of leviable disposals of a particular chemical product during those 6 months is not to exceed $12,500.