7Quarterly access amounts

7 Quarterly access amounts

(1) If a provision of Chapter 3 provides that there is a quarterly access amount for a quota type, then, subject to subsection (4), the quarterly access amount for that quota type and a quarter of a quota year is the annual access amount for that quota type and quota year divided by 4. (2) The uncommitted quarterly access amount for a quota type and a quarter of a quota year at a particular time is the difference between: (a) the quarterly access amount for that quota type and quarter; and (b) the total weight for which tariff rate quota certificates have been issued during that quarter in relation to consignments of that quota type for export in that quota year.

Note: If a tariff rate quota certificate in relation to a consignment is revoked, the certificate is taken never to have been issued (see subsection 119(5)).

(3) For the purposes of subsection (2), if a tariff rate quota certificate in relation to a consignment of a quota type for export in a quota year is issued before the start of the quota year, the certificate is taken to have been issued during the first quarter of the quota year. (4) If, at the end of the first, second or third quarter of a quota year, the uncommitted quarterly access amount for that quarter is greater than zero, the quarterly access amount for the next quarter of the quota year is increased by that uncommitted quarterly access amount.

Chapter 2—Methods for determining entitlements and issuing certificates