Commonwealth Consolidated Regulations

TELEVISION LICENCE FEES REGULATIONS 1990 - REG 17

         (1)   For purposes of the digital conversion rebate, the rebate and total entitlement in items 3A (Eastern Victoria) and 3B (Western Victoria) of Schedule 1 are worked out on the basis that 1 licensee holds the licences for both licence areas.

         (2)   The licensee that holds 2 licences is entitled to a digital conversion rebate of $1 700 000 for the first financial year, and for each subsequent financial year, up to the total entitlement of $13 600 000, apportioned as a percentage between the 2 licences ( licence 1 and licence 2 ) in accordance with the following formulas:

where:

"Total earnings" means Y ₁ + Y ₂ . 

Y ₁ means the annual gross earnings of the licensee from licence 1 for the most recent financial period.

Y ₂ means the annual gross earnings of the licensee from licence 2 for the most recent financial period.