South Australian Current Regulations

PRIMARY INDUSTRY FUNDING SCHEMES (CATTLE INDUSTRY FUND) REGULATIONS 2015 - REG 7

7—Contributions to Fund

        (1)         Contributions to the Fund are payable by a person who purchases PIDs for cattle as follows:

            (a)         an amount of $1.50 is payable for each PID so purchased from an authorised manufacturer, or authorised recycler, of PIDs;

            (b)         the amount is payable by the purchaser to the authorised manufacturer or recycler (as collecting agent for the Minister)—

                  (i)         not later than 1 month after the supply of the PID to the purchaser or the date of payment for the PID (whichever is the earlier); or

                  (ii)         at such later time as may be approved by the Minister.

        (2)         The authorised manufacturer or recycler must—

            (a)         within 14 days after the end of each quarter, furnish the Minister with a financial statement relating to the PIDs sold during that quarter that—

                  (i)         is in the form, and contains the information, required by the Minister; and

                  (ii)         is, if the authorised manufacturer or recycler has the necessary equipment, in an electronic form acceptable to the Minister; and

            (b)         receive and forward to the Minister, with the quarterly financial statement required by paragraph (a), the amount paid to the authorised manufacturer or recycler by way of contributions by the purchasers in respect of PIDs during the quarter to which the financial statement relates.

        (3)         The money received by the authorised manufacturer or recycler by way of contributions paid by the purchasers in respect of PIDs is held on trust for the Minister and must be paid by the authorised manufacturer or recycler into an ADI account—

            (a)         that is separate from all other ADI accounts operated by the authorised manufacturer or recycler and into which no other money is paid; and

            (b)         from which the authorised manufacturer or recycler must not make any withdrawal other than for the purpose of forwarding contributions to the Minister or applying (for the supplier's benefit) any surplus that may accrue to the account by way of interest (after deduction of charges associated with the maintenance of the account and any government charges in relation to the account).

        (4)         The authorised manufacturer or recycler must make all records relating to the ADI account referred to in subregulation (3) available for inspection at any reasonable time by a person authorised by the Minister for the purpose.

        (5)         An authorised manufacturer, or authorised recycler, of PIDs who contravenes this regulation is guilty of an offence.

Maximum penalty: $5 000.