Commonwealth Consolidated Regulations

TELEVISION LICENCE FEES REGULATIONS 1990 - REG 17A

         (1)   For the purposes of the digital conversion rebate, the rebate and total entitlement in item 3 (Western Zone TV1), item 4 (Kalgoorlie TV1), item 5 (Geraldton TV1) and item 6 (South West and Great Southern TV1) of Schedule 2 are worked out on the basis that each of the remote licensees is a wholly-owned subsidiary company of the same parent company.

         (2)   The parent company of the 4 subsidiary companies mentioned in subregulation (1) is entitled to a digital conversion rebate of up to $760 000 for the first financial year, and for each subsequent financial year, up to the total entitlement of $6 080 000.

What happens if the subsidiary companies are sold to a single new parent company?

         (3)   If all the subsidiary companies are sold to a single parent company, the new parent company is entitled to a digital conversion rebate, up to the annual and total entitlements mentioned in subregulation (2), as follows:

                (a)    if the previous parent company has already claimed for the financial year in which the subsidiary companies are sold -- digital conversion rebate for each subsequent financial year;

               (b)    if the previous parent company has not already claimed for the financial year in which the subsidiary companies are sold -- digital conversion rebate for that financial year and each subsequent financial year.

What happens if the subsidiary companies become owned by different parent companies?

         (4)   If, during a financial year, the subsidiary companies become owned by more than one parent company, each parent company is entitled to a digital conversion rebate, up to the annual and total entitlements mentioned in subregulation (2), as follows:

                (a)    for a claim in respect of a subsidiary company for which a parent company has already claimed for the financial year in which any subsidiary company is sold ( disposition year ) -- 25% of the digital conversion rebate for each subsequent financial year;

               (b)    for a claim in respect of a subsidiary company for which a parent company has not already claimed for the disposition year:

                          (i)    25% of the digital conversion rebate for the disposition year; and

                         (ii)    25% of the digital conversion rebate for each subsequent financial year.