Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:11
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 11
Character Range: 21454–22095

11  Pro‑rata of entity metric
 (1) This section applies to a leviable entity for a financial year if:
 (a) a provision of Part 3 (the pro‑rata provision) that applies to the entity provides that there is a pro‑rata of the entity metric for a sub‑sector for a financial year; and
 (b) the number of counted days for the entity for the financial year under the pro‑rata provision is less than the number of days in the financial year.
 (2) The entity metric for the leviable entity is to be reduced by multiplying it by the following fraction:
where:
counted days means the number of days counted for the entity under the pro‑rata provision.