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This is a Bill, not an Act. For current law, see the Acts databases.
1998-1999-2000
The Parliament
of the
Commonwealth of
Australia
HOUSE OF
REPRESENTATIVES
Presented and read a first
time
Primary
Industries Legislation Amendment (Vegetable Levy) Bill
2000
No. ,
2000
(Agriculture, Fisheries and
Forestry)
A Bill for an Act to amend the
Primary Industries Levies and Charges Collection (Vegetable) Regulations, and
for related purposes
ISBN: 0642 438064
Contents
Primary Industries Levies and Charges Collection (Vegetable)
Regulations 3
A Bill for an Act to amend the Primary Industries Levies
and Charges Collection (Vegetable) Regulations, and for related
purposes
The Parliament of Australia enacts:
This Act may be cited as the Primary Industries Legislation Amendment
(Vegetable Levy) Act 2000.
This Act is taken to have commenced immediately after the commencement of
the Primary Industries Levies and Charges Collection (Vegetable)
Regulations.
Note: On 1 July 1999 the name of the Primary Industries
Levies and Charges Collection (Vegetable) Regulations was changed to the Primary
Industries Levies and Charges Collection (Vegetable) Regulations
1996.
Each Act, and each set of regulations, that is specified in a Schedule to
this Act is amended or repealed as set out in the applicable items in the
Schedule concerned, and any other item in a Schedule to this Act has effect
according to its terms.
(1) The amendment made by Schedule 1 applies to vegetables:
(a) sold by the producer; or
(b) used by the producer in the production of other goods;
on or after 1 March 1996 and before 1 July 1999.
(2) The amendment made by Schedule 1 is to be disregarded for the
purposes of applying clause 7 of Schedule 15 to the Primary
Industries (Excise) Levies Act 1999.
(3) Nothing in this Act affects the validity of the Primary Industries
Levies and Charges Collection (Vegetable) Amendment Regulations 1999
(No. 1).
Primary Industries Levies
and Charges Collection (Vegetable) Regulations
1 Regulation 7
Repeal the regulation, substitute:
(1) For the purposes of section 9 of the Levy Act, the rate of levy
for vegetables is 0.5% of the amount paid for the vegetables at the first point
of sale.
(2) However, if the vegetables are first sold after being processed, the
rate of levy is 0.5% of the amount that would have been paid for the vegetables
if the vegetables had first been sold before processing.
(3) For the purposes of subregulation (2), the amount that would have been
paid for the vegetables is:
(a) if unprocessed vegetables of the same kind are sold on the same
day—the market price for those vegetables on that day; or
(b) in any other case—the value of the vegetables immediately before
processing.
(4) For the purposes of paragraph (3)(b), the value of the vegetables
immediately before processing must be substantiated by the producer’s
financial records in accordance with:
(a) Australian Accounting Standard 2 (Management and Presentation of
Inventories in the Context of the Historical Cost System), issued by the
Australian Accounting Research Foundation, as in force immediately before the
vegetables were processed; and
(b) Accounting Standard AASB 1019 (Management and Presentation of
Inventories in the Context of the Historical Cost System), issued by the
Australian Accounting Standards Board, as in force immediately before the
vegetables were processed.