Record-keeping obligations and legislation

A chargeable person may make a supply that relates to the transfer of ownership of a concrete product by sale or agreement. If so, the chargeable person must issue a document to the person to whom the supply is made, detailing all of the following:

  • The amount of levy applied to the concrete products.
  • The supply date of the liable concrete products.
  • The name of the chargeable person.

Where a supply relates to the assignment, or use, of a concrete product, the chargeable person must keep a record of:

  • the amount of levy applied to the concrete product
  • and
  • the supply date of the concrete product.

Records are required to be retained for six years from the end of the accounting period. A non-exhaustive list of records to be retained includes all of the following:

  • Supply documents such as invoices, delivery and purchase records.
  • Specific concrete product information to enable identification of products.
  • The Open Market Value (OMV) of concrete products.
  • The calculation of levies for an accounting period.
  • The documentation supplied to purchasers.
  • The declarations made by precast concrete product manufacturers to ready to pour concrete suppliers.