Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This regulation applies in relation to the following:
(a) therapeutic goods that are registered, listed or included in the Register at any time in a financial year commencing on or after 1 July 2015 (the current financial year ) if the registration, listing or inclusion commenced in the current financial year;
(b) therapeutic goods (other than a biological) that are registered, listed or included in the Register at any time in a financial year commencing on or after 1 July 2015 (the current financial year ) if the person in relation to whom the goods are registered, listed or included in the Register was exempt from liability to pay an annual registration charge, annual listing charge or annual charge for inclusion in the Register in respect of the goods for the immediately preceding financial year;
(c) a biological that is included in the Register at any time in a financial year commencing on or after 1 July 2016 (the current financial year ) if the person in relation to whom the biological is included in the Register was exempt from liability to pay an annual charge for inclusion of the biological in the Register for the immediately preceding financial year.
(2) If the person in relation to whom the goods are registered, listed or included in the Register becomes aware during the current financial year that the person's turnover of the goods for that year will not be of low value, the person may notify the Secretary, in a form or a manner approved by the Secretary, of that fact.
(3) As soon as practicable after receiving a notification from a person under subregulation (2), the Secretary must give the person a written notice that specifies the date on which the charge for the current financial year becomes payable.
Note: If the registration, listing or inclusion in the Register of the
goods commenced in the current financial year, the date must be the last day
of the month commencing after the month in which the notification under
subregulation (2) was given (see paragraph 43AAB(1)(a)).