Excise Amendment Regulation 2012 (No. 3) (190 of 2012)

Schedule 1   Amendments

[6]   Paragraph 50 (1) (zzd)

substitute

(zzd)excise duty has been paid on beer that is manufactured in an eligible brewery during a financial year starting on or after 1 July 2012, and the amount of refund paid during the financial year to the entity that operates the brewery does not exceed:

(i)if the brewery is an eligible brewery at the start of the financial year - $30 000; or

(ii)if the brewery first becomes an eligible brewery after the start of the financial year - an amount worked out by:

(A)multiplying $30 000 by the number of days in the period starting when the brewery first becomes an eligible brewery and ending at the end of the financial year; and

(B)dividing the result by 365.