35Producers’ records

35 Producers’ records

(1) A producer who is required to lodge an annual return for cattle transactions completed in a financial year must keep:

(a) a record of the full name and business or residential address of each person to whom the cattle were sold or delivered; and

(b) details of each sale or delivery; and

(2) If a producer who is required to lodge a return for a financial year sells or delivers cattle to a related company in the year, the producer must keep records showing:

(a) the full name and business or residential address of the person to whom the cattle were sold; and

(b) how many bobby calves were sold or delivered to the company in the year; and

(c) how many lot-fed cattle were sold or delivered to the company in the year; and

(d) how many other cattle were sold or delivered to the company in the year.