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(1) The levy payable under section 15A shall be the percentage specified in the Schedule in relation to the invoice value of the timber product at the time of exportation.

(2) All levies payable under this Part shall be paid to the Forest Products Inspection Bureau at the time of the export of the timber.

(3) The Forest Products Inspection Bureau shall not permit the exportation of any timber product to which this Part applies unless the levy has been paid.

(4) The monies collected by the Forest Products Inspection Bureau under this Part shall be paid into a bank account approved by the Minister responsible for Lands and Forestry and the Accountant-General.

(5) The Forest Products Inspection Bureau shall at the end of every three months submit a report to the Minister and the Accountant-General of all monies received and paid under this Part.