Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This section is made for the purposes of section 6 of the Act .
Person has not passed the importation threshold
(a) a person imports an emissions - controlled product at a particular time in a financial year; and
(b) at that time, the person has not passed the import ation threshold for the financial year;
the amount of the charge imposed on the importation of the product is nil.
Person passes the importa tion threshold
(a) a person imports an emissions - controlled product at a particular time in a financial year; and
(b) at that time, the person passes the importation threshold for the financial year;
the amount of the charge imposed on the importation of the product is to be worked out using the following formula:
"total product value" means the sum of the product values of each emissions - controlled product that the person has impo r ted at the time the person passes the importation threshold for the financial year .
Person has already passed the importation threshold
(a) a person imports an emissions - controlled product at a particular time in a financial year; and
(b) at that time, the person has already passed the importation threshold for the financial year;
the amount of the charge imposed on the importation of the product is to be worked out by multiplying the product value of the product by 0.0033 .
Passes the importation threshold
(5) A person who imports an emissions - controlled product at a particular time in a financial year passes the importation threshold for the financial year if the sum of the following amounts is more than $44,000 :
(a) the product value of the product;
(b) the sum of the product values of any other emissions - controlled products previously imported by the person in the financial year.
(6) An amount worked out under subsection ( 3 ) or (4) is to be rounded to the nearest cent (rounding 0.5 cents upwards).
