Document ID: chunk:federal_register_of_legislation:F2025L00057:clause:2_5
Version: federal_register_of_legislation:F2025L00057
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 35110–36419

5  Amount of tax payable – licence issued for period greater than 12 months, where subsection 6(5) of the Act applies
 (1) This item applies to a spectrum access licence or a set amount licence where:
 (a) the licence has a licence period greater than 12 months; and
 (b) the licensee notifies the ACMA under subsection 6(5) of the Act that the subsection is to apply to the licence.
 (2) Subject to items 8 to 10, the amount of tax payable in relation to the holding of the licence on a particular day (the holding day) is worked out as follows:
 (a) first, work out the initial amount as follows:
 (i) for a spectrum access licence, add together the annual amounts for each spectrum access for the licence;
 (ii) for a set amount licence, find the annual amount for the licence;
 (b) second, multiply the initial amount by the number of days in the remaining holding period;
 (c) third, divide the result by 365.
 (3) In sub-item (2), the remaining holding period for a licence is the period:
 (a) commencing on the first anniversary of the start day for the licence that occurs after the holding day; and
 (b) ending at the end of the licence period for the licence.
Note: Notice under subsection 6(5) of the Act may only be given more than 12 months before the end of the period the licence is in force.