Document ID: chunk:federal_register_of_legislation:F2022L00237:body:0:p3
Version: federal_register_of_legislation:F2022L00237
Segment Type: other
Provision Reference: 
Character Range: 5373–8189

component

        Payment threshold

        (3) If the amount calculated in relation to a leviable entity under subitem (2) is less than $1,100, then, for subsection 9(1) of the Act, the amount of the instalment of levy payable by the leviable entity for the financial year is nil.

        Maximum payment amount

        (4) For subsection 9(1) of the Act, the amount of the instalment of levy payable by a leviable entity for the financial year is:

            (a) for a leviable entity that is not a part of a group of leviable entities and has earnings of greater than $5,000,000,000 – $11,480,616.08; or

            (b) for a leviable entity that is part of a group of leviable entities the total earnings for which are greater than $5,000,000,000 – $11,480,616.08 divided by the number of leviable entities in the group.

        Other

        (5) For subsection 9(1) of the Act, the amount of the instalment of levy payable for the financial year by a leviable entity that, in the previous financial year:

            (a) provided a designated service or services only in the capacity of a remittance affiliate; and

            (b) did not provide a designated service in any other capacity;

        is nil.

        (6) For subsection 9(1) of the Act, the amount of the instalment of levy payable for the financial year by a leviable entity that, on the census day for the financial year, was a 'Market Generator' within the meaning of the National Electricity Rules, is nil.

        (7) For subsection 9(1) of the Act, the amount of the instalment of levy payable for the financial year by a leviable entity that is a body corporate established for a public purpose by an Act passed by the Parliament of the Commonwealth is nil.

    5 Earnings component

        (1) Subitem (2) has effect subject to subitems (3) and (4).

        (2) The earnings component for a leviable entity is:

            (a) for a leviable entity that is not part of a group of leviable entities – 0.048 per cent of the earnings for the leviable entity; or

            (b) for a leviable entity that is part of a group of leviable entities – 0.048 per cent of the total earnings for the group of leviable entities, divided by the number of leviable entities in the group.

    Earnings component threshold

        (3) The earnings component for a leviable entity:

            (a) that is not part of a group of leviable entities and has earnings of less than $100,000,000; or

            (b) that is part of a group of leviable entities the total earnings for which are less than $100,000,000;

            is nil.

        Earnings component cap

        (4) If the earnings component calculated for a leviable entity under subitem (2) is greater than $5,000,000, then:

            (a) for a leviable entity that