Commonwealth Numbered Regulations

1995 No. 36 RADIOCOMMUNICATIONS TAXES COLLECTION REGULATIONS (AMENDMENT) - REG 2

2.1 Subregulation 8 (2): Omit "The", substitute "Subject to subregulation
(2A), the".
After subregulation 8 (2), insert:

"(2A) In the case of a licence issued on or after 1 March 1995, the rate of
remission specified in paragraph (2) (d) applies only to a proportion of an
instalment mentioned in that paragraph, namely the proportion worked out in
accordance with the formula:
Amount A
No. of Instalments; where:
'Amount A' is the amount worked out using the formula:
licence period x annual amount
365; and
'annual amount' is the amount equal to $734,132 for each megahertz of spectrum
on which, under the licence, the base stations are licensed to operate as part
of the service; and
'licence period' is the number of days in the period beginning on the day on
which the licence commences and ending at the end of the day on which the
licence ends; and
'No. of Instalments' is the number of instalments by which the tax is
payable.".