ACIS Administration Act 1999 (Repealed)

PART 9 - UNEARNED DUTY CREDIT  

Division 3 - Offsetting of duty credit against unearned credit liability  

SECTION 100  

100   ORDER IN WHICH CREDIT TO BE OFFSET  
For the purposes of section 99, the duty credit of a person who is liable to pay an unearned credit liability is to be offset as follows:

(a) first, offset so much of the duty credit that is modulated capped production credit (if any);

(b) next, offset so much of the duty credit that is modulated ACP, AMTP or ASP investment credit (if any);

(c) next, offset so much of the duty credit that is modulated MVP investment credit (if any);

(d) next, offset so much of the duty credit that is unmodulated uncapped production credit (if any);

(e) next, offset so much of the duty credit that is unmodulated type J investment credit.