The Department of Agriculture, Fisheries and Forestry has published a note on how levy payments follow a different process for producers selling between properties.
For livestock producers selling stock through saleyards, meatworks or agents, payment of the transaction levy is generally an automatic process.
But for livestock that are sold between producers, such as from cattle breeders, there is still an obligation to pay the transaction levy. And perhaps most importantly – non-compliance around paying the levy incurs a penalty of 2% per month (compounding). Read more here.