Commonwealth Consolidated Acts Commonwealth Consolidated ActsTable 2
(1) The following is Table 2:
|
Exercise period (months) |
Column 1 |
Column 2 |
|
108 to 120 |
24.7% |
0.6% |
|
96 to 108 |
23.9% |
0.6% |
|
84 to 96 |
22.9% |
0.7% |
|
72 to 84 |
21.7% |
0.7% |
|
60 to 72 |
20.3% |
0.7% |
|
48 to 60 |
18.6% |
0.7% |
|
36 to 48 |
16.5% |
0.8% |
|
24 to 36 |
14.1% |
0.8% |
|
18 to 24 |
12.7% |
0.8% |
|
12 to 18 |
11.2% |
0.9% |
|
9 to 12 |
10.3% |
0.9% |
|
6 to 9 |
9.4% |
0.9% |
|
3 to 6 |
8.4% |
0.9% |
|
0 to 3 |
7.8% |
1.0% |
Instructions for using Table 2--calculating the base percentage
(2) From column 1 of Table 2, select the percentage that corresponds to the period, in months, from the particular day until the last day on which the right may be exercised (the exercise period ). This percentage is called the base percentage .
Instructions for using Table 2--calculating the additional percentage
(3) From column 2 of Table 2, select the percentage that corresponds to the exercise period. This percentage is called the additional percentage .
Instructions for using Table 2--calculating the excess
(4) Work out the result of the following formula. Disregard any fraction. The result is called the excess .
Instructions for using Table 2--calculating the market value
(5) The market value of the right is the amount worked out using the following formula:
Note: If:
(a) the exercise period; or
(b) the calculation percentage in relation to a particular right;
is the top of one range in Table 1 or 2 and is also the bottom of another range in that Table, it is taken to be in the lower range and not in the higher range.