Commonwealth Consolidated Acts

CUSTOMS ACT 1901 - SECT 153G

Calculation of allowable expenditure of factory on overheads

  (1)   Allowable expenditure of a factory on overheads in respect of preference claim goods means the sum of the part of each cost prescribed for the purposes of this subsection:

  (a)   that is incurred by the manufacturer of the goods; and

  (b)   that relates, directly or indirectly, and wholly or partly, to the manufacture of the goods; and

  (c)   that can reasonably be allocated to the manufacture of the goods.

Regulations may specify manner of working out cost

  (2)   Regulations prescribing a cost for the purposes of subsection   (1) may also specify the manner of working out that cost.