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AGRICULTURAL AND VETERINARY CHEMICAL PRODUCTS (COLLECTION OF LEVY) ACT 1994 - SECT 12C

Amount of levy imposed in respect of disposals during the 2005 - 2006 and later financial years

    The amount of the levy that is payable under section   12B in respect of leviable disposals of a particular chemical product during a financial year is the amount worked out using the formula:

Start formula Total leviable value in respect of the product for the financial year times Rate of levy end formula

where:

"rate of levy" means the percentage prescribed by the regulations for the purposes of this section in respect of the financial year.


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