Customs Regulation 2015

PART 6 - WAREHOUSES  

Division 1 - Warehouse licences  

SECTION 37   REFUND OF WAREHOUSE LICENCE CHARGE  

Warehouse licence charge paid in full

37(1)    
For section 87A of the Act, if the warehouse licence charge for the licence was paid in full, the amount of the refund is worked out using the formula:

Amount of the charge that was paid	×	Number of days in the financial year during which the licence is not in force following the cancellation of the licence
		Number of days in the financial year

Warehouse licence charge paid in instalments

37(2)    
For section 87A of the Act, if the warehouse licence charge for the licence was paid in instalments, the amount of the refund is worked out using the formula:

Amount of the instalment that was paid for the relevant instalment period	×	Number of days remaining in the relevant instalment period, starting on the day after the licence is cancelled
		Number of days in the relevant instalment period

Definitions

37(3)    
In this instrument:

instalment period
means a period, in a financial year, that:

(a) starts on the day on which an instalment is due to be paid; and

(b) ends on the day immediately before:

(i) the day on which the next instalment for the financial year is due to be paid; or

(ii) if no more instalments are due to be paid for the financial year - the start of the next financial year.

relevant instalment period
means the instalment period during which the licence is cancelled.