Commonwealth Consolidated Regulations

RADIOCOMMUNICATIONS TAXES COLLECTION REGULATIONS 1985 - REG 4B

                        A refund of $828,774 is payable to Telstra Corporation Limited ( Telstra ) for the withdrawal, on and from 1 January 1997, of 3 megahertz (MHz) in the 880 MHz to 890 MHz band in the Sydney and Melbourne regions from the Public Mobile Telecommunications Service Class A licence held by Telstra until 19 May 1997.

Note    The amount of $828,774 is derived from the formula:

$362,713 x 3 x 2 x (139 ÷ 365) = $828,774.36 (rounded to $828,774)

where:

                        $362,713     is the annual amount of tax per MHz per city paid by Telstra for the licence;

                                     3     is the number of MHz withdrawn;

                                     2     is the number of cities where the spectrum was in use;

                                 139     is the number of days' use of the spectrum that Telstra had paid for, and lost because of the withdrawal.