PART 7 - QUOTING
SECTION 85 (Repealed by 101 of 2006)
PERIODIC QUOTING
85(1)
[Periodic quote not to exceed 12 months]
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.
History
S 85(1) substituted by No 138 of 1994, s 143(a), effective 28 November 1994. S 85(1) formerly read:
A registered person (
`the quoter'
) may, with the approval of the Commissioner, make a monthly quote under this section for purchases that the registered person proposes to make from another registered person (
`the supplier'
) during a month covered by the approval.
85(2)
[Registered persons]
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).
History
S 85(2) substituted by No 138 of 1994, s 143(a), effective 28 November 1994. S 85(2) formerly read:
If the quoter makes such a monthly quote on or before the first day of the month to which the quote relates, the quoter is taken to have quoted a registration number for all purchases during the month from the supplier, other than purchases in respect of which the quoter has notified the supplier in accordance with subsection (3).
85(2A)
[Unregistered persons]
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).
History
S 85(2A) inserted by No 138 of 1994, s 143(a), effective 28 November 1994.
85(3)
[Quoter not entitled to quote]
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.
History
S 85(3) amended by No 138 of 1994, s 143(b), effective 28 November 1994 by substituting ``period'' for ``month''.
85(4)
[Application of sec 89]
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.
History
S 85(4) amended by No 138 of 1994, s 143(c), effective 28 November 1994 by inserting ``or (2A)'' after ``(2)''.
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