What is the value of leviable oilseeds?
“3A. (1) For the purposes of the definition of `value’ in subsection 4 (1) of the Levy Act, the value of leviable oilseeds is: (a) in the case of oilseeds in a pool–the total amount paid for the oilseeds; or (b) in the case of oilseeds not in a pool: (i) the sale price of the oilseeds determined by reference to sales invoices or other sales documents relating to the oilseeds; or (ii) if there are no relevant sales invoices or other documents–the amount that would constitute the sale price of the oilseeds if they had been sold at the market price prevailing on the day the levy payable for the oilseeds became due for payment under regulation 5. “(2) The value of leviable oilseeds is to be net of handling, storage, transport and f.o.b. costs.”. 4. Regulation 5 (When is levy due for payment?) 4.1 Regulation 5: Omit “due fpr payment”, substitute “due for payment”. 5. Repeal of regulations 6 and 7 5.1 Omit regulations 6 and 7, substitute: What is a process “5A. For the purposes of the defi
