51Rates of transaction levy and NRS transaction levy — lambs

51 Rates of transaction levy and NRS transaction levy — lambs

(1) For a lamb 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 lambs is $5.00 or more per head:

(a) for paragraph 7 (a) of the Live-stock Transactions Levy Act, the amount is the amount in column 2 of the item in Schedule 2 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 lambs the subject of the transaction; and

(b) for paragraph 7 (b) of that Act, the amount is the amount in column 3 of that item; and

(c) for paragraph 7 (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.

(2A) However, despite anything in these Regulations, the rate of levy imposed by subregulation (1) is halved.

Note If Sch 18 to the Primary Industries (Excise) Levies Act 1999 is continued in force after 30 June 2000, it is intended that levy at the rate provided by subr (2A) be continued in force to 31 August 2001.

(3) Subregulation (1) does not apply to a sale of lambs 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 lambs concerned.

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

(a) the amount for paragraph 7 (a) of that Act is 62.6 cents; and

(b) the amount for paragraph 7 (b) of that Act is 11.3 cents; and

(c) the amount for paragraph 7 (c) of that Act is 1.4 cents.

(5) However, despite anything in these Regulations, the rate of levy imposed by subregulation (4) is halved.