ACIS Administration Act 1999 (Repealed)

PART 9 - UNEARNED DUTY CREDIT  

Division 3 - Offsetting of duty credit against unearned credit liability  

SECTION 99  

99   OFFSETTING OF OTHER KINDS OF DUTY CREDIT  
If:


(a) a person is liable to pay to the Commonwealth an unearned credit liability, or a part of such a liability, in respect of duty credit of a particular kind; and


(b) the person:


(i) does not have any duty credit of that kind; or

(ii) does not have sufficient duty credit of that kind to fully offset the liability; but


(c) the person has a balance of duty credit of a different kind; the balance is to be offset against the liability in the order set out in section 100.


 

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