sec.150BNotification of change—artisan producer licence (spirits)

### sec.150B Notification of change—artisan producer licence (spirits) This section applies if the holder of an artisan producer licence (spirits) is a corporation. The licensee must give the commissioner written notice under this section if— a non-large distiller to which the licensee is related becomes a large distiller; or the licensee becomes related to a distiller that is a large distiller. Maximum penalty—100 penalty units. A notice under subsection (2) (a) must be given within 14 days of the end of the financial year in which the distiller becomes a large distiller. A notice under subsection (2) (b) must be given within 14 days of the day the licensee becomes related to the large distiller. For subsection (2) , a licensee that is a corporation is related to a distiller if— 20% or more of the corporation’s shares are owned by, or held in trust for, the distiller or a subsidiary of the distiller; or 20% or more of the votes that may be cast at a general meeting of the corporation are able to be cast by, or on behalf of, the distiller or a subsidiary of the distiller. In this section— large distiller means a distiller that produces more than 2 million litres of spirits in any financial year. non-large distiller means a distiller other than a large distiller. s 150B ins 2021 No. 4 s 25 (sec.150B-ssec.1) This section applies if the holder of an artisan producer licence (spirits) is a corporation. (sec.150B-ssec.2) The licensee must give the commissioner written notice under this section if— a non-large distiller to which the licensee is related becomes a large distiller; or the licensee becomes related to a distiller that is a large distiller. Maximum penalty—100 penalty units. (sec.150B-ssec.3) A notice under subsection (2) (a) must be given within 14 days of the end of the financial year in which the distiller becomes a large distiller. (sec.150B-ssec.4) A notice under subsection (2) (b) must be given within 14 days of the day the licensee becomes related to the large distiller. (sec.150B-ssec.5) For subsection (2) , a licensee that is a corporation is related to a distiller if— 20% or more of the corporation’s shares are owned by, or held in trust for, the distiller or a subsidiary of the distiller; or 20% or more of the votes that may be cast at a general meeting of the corporation are able to be cast by, or on behalf of, the distiller or a subsidiary of the distiller. (sec.150B-ssec.6) In this section— large distiller means a distiller that produces more than 2 million litres of spirits in any financial year. non-large distiller means a distiller other than a large distiller. - (a) a non-large distiller to which the licensee is related becomes a large distiller; or - (b) the licensee becomes related to a distiller that is a large distiller. - (a) 20% or more of the corporation’s shares are owned by, or held in trust for, the distiller or a subsidiary of the distiller; or - (b) 20% or more of the votes that may be cast at a general meeting of the corporation are able to be cast by, or on behalf of, the distiller or a subsidiary of the distiller.