Australian Capital Territory Repealed Acts Australian Capital Territory Repealed ActsThis legislation has been repealed.
(a) the aggregate of amounts (including duties) paid or payable by the licensee for taxable purchases in the previous financial year to which the licence relates; and
(b) the aggregate of amounts (including duties) paid or payable by the licensee for exempt sales in the previous financial year to which the licence relates.
Penalty: $2,000.
(2) If a licence is transferred, or ceases to be in force, in a prescribed period, the transferor or former licensee is not required to lodge a return in respect of that licence under subsection (1) for the financial year immediately preceding that period.