CTHRepealedAct
ACIS Administration Act 1999
61Overview of Part
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#### 61 Overview of Part
(1) This Part deals with the ACIS ledger and its maintenance. Once modulated credit, unmodulated uncapped production credit or unmodulated type J investment credit has been worked out by the Secretary, the Secretary issues the credit by entering it in the ledger. Credit so entered in the ledger is duty credit.
(2) Division 2 deals with the establishment of the ledger and the making of entries in it.
(3) Division 3 provides for the time in which entries may be made in the ledger.
(4) Division 4 provides for the liability of the Secretary for ledger entries.