27Definitions

27 Definitions

In this instrument:

maximum transfer percentage, for a quota type, means the percentage specified under Chapter 3 to be the maximum transfer percentage for that quota type.

new entrant access amount, for a quota type and a quota year, means the weight specified under Chapter 3 to be the new entrant access amount for that quota type in relation to that quota year.

new entrant access cap, for a quota type and a quota year, means the weight specified under Chapter 3 to be the new entrant access cap for that quota type in relation to that quota year.

new entrant available amount: the new entrant available amount, of a person who is a new entrant for a quota type and a quota year, at a particular time is the lesser of:

(a) the uncommitted new entrant access amount at that time for that quota type and quota year; and
(b) the difference between:
(i) the new entrant access cap for that quota type and quota year; and
(ii) the total weight for which tariff rate quota certificates have been issued to the person in relation to consignments of that quota type in relation to that quota year using new entrant access quota.

penalty individual threshold, for a quota type and a quota year, means the amount specified under Chapter 3 to be the penalty individual threshold for that quota type in relation to that quota year.

penalty pool threshold, for a quota type and a quota year, means the amount specified under Chapter 3 to be the penalty pool threshold for that quota type in relation to that quota year.

reclamation day, for a quota type and a quota year, means the day specified under Chapter 3 to be the reclamation day for that quota type and quota year.

required usage percentage, for a quota type, means the percentage specified under Chapter 3 to be the required usage percentage for that quota type.

standard access amount, for a quota type and a quota year, means the weight that is the difference between the annual access amount for that quota type and quota year and the new entrant access amount for that quota type and quota year.

uncommitted new entrant access amount: the uncommitted new entrant access amount for a quota type and a quota year at a particular time is the difference between:

(a) the new entrant access amount for that quota type and quota year; and
(b) the total weight for which tariff rate quota certificates have been issued in relation to consignments of that quota type for export in that quota year using new entrant access quota.