85Periodic quoting

#### 85 Periodic quoting (1) A person (the quoter) may make a periodic quote under this section for purchases that the quoter proposes to make from a person (the supplier) during the period, not exceeding 12 months, covered by the periodic quote. (2) If the quoter is a registered person and makes such a periodic quote on or before the first day of the period to which the quote relates, the quoter is taken to have quoted a registration number for all purchases during the period from the supplier, other than purchases in respect of which the quoter has notified the supplier in accordance with subsection (3). (2A) If the quoter is an unregistered person and makes such a periodic quote on or before the first day of the period to which the quote relates, the quoter is taken to have quoted an exemption declaration for all purchases during the period from the supplier, other than purchases in respect of which the quoter has notified the supplier in accordance with subsection (3). (3) If the quoter is not entitled to quote for a particular purchase from the supplier during the period, the quoter must notify the supplier of that fact at or before the time of the purchase. The notification must be in the form and manner approved by the Commissioner. Penalty for a contravention of this subsection: $2,000. (4) Section 89 applies to a quote that the quoter is taken to have made under subsection (2) or (2A) of this section for a particular purchase.