Queensland Consolidated Acts

LIQUOR ACT 1992 - SECT 150B

150B Notification of change—artisan producer licence (spirits)

(1) This section applies if the holder of an artisan producer licence (spirits) is a corporation.

(2) The licensee must give the commissioner written notice under this section if—

(a) a non-large distiller to which the licensee is related becomes a large distiller; or

(b) the licensee becomes related to a distiller that is a large distiller.

Penalty—

Maximum penalty—100 penalty units.

(3) A notice under subsection (2) (a) must be given within 14 days of the end of the financial year in which the distiller becomes a large distiller.

(4) A notice under subsection (2) (b) must be given within 14 days of the day the licensee becomes related to the large distiller.

(5) For subsection (2) , a licensee that is a corporation is related to a distiller if—

(a) 20% or more of the corporation’s shares are owned by, or held in trust for, the distiller or a subsidiary of the distiller; or

(b) 20% or more of the votes that may be cast at a general meeting of the corporation are able to be cast by, or on behalf of, the distiller or a subsidiary of the distiller.

(6) In this section—

"large distiller" means a distiller that produces more than 2 million litres of spirits in any financial year.

"non-large distiller" means a distiller other than a large distiller.