Commentary on Sections Part 3 – Visitor Levy Chapter 2 – Accounting for, and Payment of, the Levy Section 38 – Meaning of “accounting period”: annual returns
111.This section defines the accounting period for annual returns as the financial year and sets out, where a VAP commences leviable operations, the VAP’s first accounting period.
112.In this case, the accounting period begins on the date a VAP commences leviable operations and ends with the end of the financial year during which the accounting period began.
113.This section defines, for the purposes of this section and section 39, when a person commences leviable operations.