Customs Act 1901
The Comptroller-General of Customs must, before the end of a financial year (the current financial year ), notify each holder of a warehouse licence, that is not an excise-equivalent warehouse licence, of the terms of this section.
Note:
An excise-equivalent warehouse licence remains in force unless it is cancelled.
View history note
Hide history noteLicence renewed if holder pays charge before end of current financial year
84(2)
If the holder pays the warehouse licence charge for the renewal of the licence before the end of the current financial year, the licence is renewed for another period of 12 months beginning on 1 July of the next financial year after the current financial year.
Consequences if charge not paid before end of current financial year
84(3)
If the holder fails to pay the warehouse licence charge for the renewal of the licence before the end of the current financial year, the licence is taken to be suspended for the period beginning on 1 July of the next financial year after the current financial year and ending at the earlier of the following times: (a) the time the holder pays the charge; (b) the end of 30 July of that next financial year.
Licence renewed if holder pays charge before 30 July of the next financial year
84(4)
If the holder pays the warehouse licence charge for the renewal of the licence during the period of 30 days beginning on 1 July of the next financial year after the current financial year, the licence is taken to have been renewed for another period of 12 months beginning on 1 July of that next financial year.
Licence expires if holder does not pay charge before 30 July of the next financial year
84(5)
If the holder fails to pay the warehouse licence charge for the renewal of the licence before the end of 30 July of the next financial year after the current financial year, the licence expires at the end of that 30 July.
Multiple renewals
84(6)
A warehouse licence that has been renewed under this section may be further renewed.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
