18Return of tariff rate quota entitlement on or after 1 November

18 Return of tariff rate quota entitlement on or after 1 November

(1) If, at any time on or after 1 November in a quota year, the balance of an exporter’s tariff rate quota entitlement for a quota type and the quota year is greater than zero, the exporter may return all or part of the balance by giving the Secretary notice of the amount to be returned. (2) The notice must be: (a) given: (i) in the approved manner (if any) and approved form (if any); or (ii) if there is no approved manner and no approved form—in writing; and (b) accompanied by any information or documents required by the Secretary. (3) The amount stated in the notice is revoked at the time the notice is given.

Note: Amounts revoked under this section form part of the uncommitted access amount for which certificates may be issued under section 20. However, they do not reduce the applicant’s annual entitlement for the purposes of working out a penalty amount under section 11.