Australian Capital Territory Repealed Acts

This legislation has been repealed.

LIQUOR TAX ACT 1991 - SECT 15

        (a)     lodge a return in the approved form specifying—

              (i)     the aggregate of amounts (including duties) paid or payable by the continuing licensee for taxable purchases in the base quarter to which the continuing licence relates; and

              (ii)     the aggregate of amounts (including duties) paid or payable by the continuing licensee for exempt sales in the base quarter to which the continuing licence relates; and

        (b)     pay—

              (i)     if the purchases in the base quarter relate to an exempt wholesale licence—the determined amount plus the amount calculated in accordance with the formula in subsection (2); or

              (ii)     in any other case—the determined amount or the amount calculated in accordance with the formula in subsection (2), whichever is greater.

(2) For the purposes of subsection (1), the formula is—

        (BQTP ^_ BQES) x DR

        where—

        BQTP is the aggregate referred to in subparagraph (1) (a) (i);

        BQES is the aggregate referred to in subparagraph (1) (a) (ii); and

        DR is the determined rate.

Termination payments