Commonwealth Consolidated Acts

TELECOMMUNICATIONS (CONSUMER PROTECTION AND SERVICE STANDARDS) ACT 1999 - SECT 100

             (1)  The total levy for a quarter (the current quarter ) is calculated as follows:

                     (a)  the starting point is the estimated NRS cost for the current quarter (the current estimate );

                     (b)  if there is a levy shortfall for the second last quarter before the current quarter, then that shortfall is added to the current estimate;

                     (c)  if there is a levy surplus for the second last quarter before the current quarter, then that surplus is deducted from the current estimate.

             (2)  Each taxpayer's NRS contribution amount for the current quarter is calculated as follows:

Note:          Levy is imposed on the NRS contribution amount by the NRS Levy Imposition Act 1998 .

          (2A)  The Minister may, by written determination, modify the formula in subsection (2).

          (2B)  A determination under subsection (2A) is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901 .

             (3)  In this section:

"actual NRS cost" , for a quarter, means the amount published for the quarter under subsection 96(2).

"eligible revenue" , for a taxpayer for a quarter, means the taxpayer's eligible revenue as shown in the most recent eligible revenue assessment made before the start of the quarter.

Note:          The most recent eligible revenue assessment is defined in section 101C.

"estimated NRS cost" , for a quarter, means the amount published for the quarter under subsection 96(1).

"levy shortfall" , for a quarter, means the amount by which the estimated NRS cost for the quarter falls short of the actual NRS cost for the quarter.

"levy surplus" , for a quarter, means the amount by which the estimated NRS cost for the quarter exceeds the actual NRS cost for the quarter.