50Rates of transaction levy and NRS transaction levy — sheep

50 Rates of transaction levy and NRS transaction levy — sheep

(1) For a sheep transaction that is a sale in which the sale price (whether the sale price is expressed as live-weight sale price or hot carcase weight sale price) of the sheep is $5.00 or more per head:

(a) for paragraph 6 (1) (a) of the Live-stock Transactions Levy Act, the amount is the amount in column 2 of the item in Schedule 1 that refers to the sale price per head (or, if the sale price is not an integer multiple of 10 cents, the sale price rounded up to the next higher integer multiple of 10 cents) of the sheep the subject of the transaction; and

(b) for paragraph 6 (1) (b) of that Act, the amount is the amount in column 3 of that item; and

(c) for paragraphs 6 (1) (c) of that Act, the amount is the amount in column 4 of that item.

Note Levy is not imposed on a live-stock transaction if the sale price is less than $5.00 per head — see r 49 and s 5 (2) (f) of the Live-stock Transactions Levy Act.

(2) For subregulation (1):

(a) sale includes the sale of live-stock together with the sale of real property; and

(b) hot carcase weight means the weight of the carcase within 2 hours after slaughter; and

(c) hot carcase weight sale price means the price of the hot carcase weight, including the recovery value of the skin, fleece, offal and other by-products sold or supplied to the person buying the meat of the carcase, whether the recovery value is:

(i) included in the agreed price per kilogram for the carcase; or

(ii) identified separately.

(3) Subregulation (1) does not apply to a sale of sheep if levy is imposed on the sale by the Live-stock Transactions Levy Act, but no sale price is given in the transaction to the sheep concerned.

(4) For a sheep transaction to which subregulation (1) does not apply, or a delivery or slaughter of sheep referred to in paragraph 5 (1) (b), (c) or (d) of the Live-stock Transactions Levy Act:

(a) the amount for paragraph 6 (1) (a) of that Act is 8.7 cents; and

(b) the amount for paragraph 6 (1) (b) of that Act is 7.7 cents; and

(c) the amount for paragraph 6 (1) (c) of that Act is 1.8 cents.