Document ID: chunk:federal_register_of_legislation:F2024C01248:reg:38
Version: federal_register_of_legislation:F2024C01248
Segment Type: reg
Provision Reference: reg 38
Character Range: 53673–55308

38                                                0 to 3                    0.0%                    0.1%          0.5%          1.4%          3.0%                       5.1%   7.5%

 (2) If, in relation to a particular right:
 (a) the exercise period; or
 (b) the calculation percentage;
is the top of one range in the table in subsection (1) and is also the bottom of another range in the table, it is taken to be in the lower range and not in the higher range.

83A‑315.09  Base percentages for calculation percentages of 110% or more
 (1) The value of the right worked out under this section, is the amount worked out using the following formula:

  where:
additional percentage, for a right with an exercise period specified in an item in column 1 of the table in subsection (2), is the percentage specified in column 3 of the item.
base percentage, for a right with an exercise period specified in an item in column 1 of the table in subsection (2), is the percentage specified in column 2 of the item.
excess is the amount worked out using the following formula, disregarding any fraction:
exercise period for a right is the period, in months, from the particular day (referred to in section 83A‑315.02) until the last day on which the right may be exercised.
 (2) The following table sets out base percentages and additional percentages for the purposes of subsection (1).

Base percentages and additional percentages
Item                                         Column 1                  Column 2         Column 3

                                             Exercise period (months)  Base percentage  Additional percentage