Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Secretary must, as soon as practicable after an MVP provides a return to the Secretary in respect of a quarter, work out the unmodulated uncapped production credit to be issued to the MVP for that quarter in accordance with the formula:
where:
"A" is the production value of passenger motor vehicles, and specified load-carrying vehicles, sold in the Australian or New Zealand markets by that MVP in the quarter concerned.
Note: The definition of production value refers to MVP production . MVP production includes production of motor vehicles. A passenger motor vehicle or specified load‑carrying vehicle is a motor vehicle for the purposes of ACIS.
"B" is the general tariff rate applying to imports of passenger motor vehicles at the time the sales described in component A of the formula took place.
(2) The Secretary must, as soon as practicable after an MVP provides a return to the Secretary in respect of a quarter, work out the unmodulated capped production credit for the MVP for that quarter in accordance with the formula:
where:
"A" has the meaning provided in subsection (1).
"B" has the meaning provided in subsection (1).
"C" is the production value of MVP production by that MVP in the quarter concerned (other than passenger motor vehicles, and specified load-carrying vehicles, that are sold in the Australian or New Zealand markets).
"CA" is the total amount of other Commonwealth assistance (if any) received by the MVP in relation to the production described in component A of the formula and to the production described in component C of the formula.
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