10BACertain producers to give returns of costs

10BA Certain producers to give returns of costs

(1) A producer of bountiable yarn shall, within 6 months after the end of each accounting period of the producer ending on or after the commencement of this section, that falls, or part of which falls, within the bounty period, lodge a return setting out particulars of the factory cost incurred by the producer in relation to bountiable yarn produced in that accounting period by the producer. (2) A return under subsection (1) in respect of bountiable yarn shall: (a) be in accordance with the appropriate approved form; (b) include such information as is, and such estimates as are, required by the form; (c) be signed and witnessed as required by section 10D; and (d) be lodged with a Collector for a State or with the CEO. (3) The CEO may, by notice signed by the CEO, require a producer of bountiable yarn who has lodged a return under subsection (1) to provide, within a period specified in the notice (not being a period of less than one month), a certificate, signed by a qualified accountant approved by the CEO for the purpose, to the effect that the particulars set out in the return are correct. (4) Without limiting the generality of subsection (3), the CEO, in considering whether a producer of bountiable yarn should be required to provide a certificate under that subsection, shall have regard to: (a) the extent of the claims for bounty made by the producer in the accounting period of the producer; and (b) the expense involved in obtaining the certificate. (5) The CEO shall not refuse to approve a qualified accountant for the purposes of subsection (3) in relation to a producer of bountiable yarn unless the CEO is satisfied that it is not appropriate to approve the accountant because of an association between the accountant and the producer. (6) A producer of bountiable yarn shall not refuse or fail to comply with subsection (1) or (2) to the extent that the producer is capable of complying with it.

Penalty: $3,000.

(7) A producer of bountiable yarn shall not, in purported compliance with subsection (1) or (2), give information that is, or estimates that are, to the knowledge of the producer, false or misleading in a material particular.

Penalty: Imprisonment for 6 months.

(8) Where a producer of bountiable yarn who is required to lodge a return under subsection (1) does not do so, the producer is not entitled to bounty, or to an advance on account of bounty, unless and until the return is lodged.