Commonwealth Consolidated Acts

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

             (1)  The amount of the levy that is payable under section 12B in respect of leviable disposals of a particular chemical product during a financial 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 section in respect of the financial year.

             (2)  The regulations may prescribe any of the following:

                     (a)  a rate of levy in respect of Part 2A chemical products that is lower than the rate prescribed in respect of Part 2 chemical products;

                     (b)  different rates of levy for different volumes of leviable disposals of chemical products that take place during a financial year;

                     (c)  different rates of levy for different volumes of leviable disposals of Part 2A chemical products that take place during a financial year, that are lower than the rates prescribed for those volumes of leviable disposals of Part 2 chemical products.

             (3)  In this section:

Part 2A chemical products means chemical products having listed registration under Part 2A of the Agvet Code of a jurisdiction.

Part 2 chemical products means chemical products that are registered under Part 2 of the Agvet Code of a jurisdiction.