Document ID: chunk:federal_register_of_legislation:C2013A00025:clause:1_2
Version: federal_register_of_legislation:C2013A00025
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 3659–5391

2  Paragraph 6A(e)
Repeal the paragraph, substitute:
 (e) subsection 6(2A) were omitted and the following subsection were substituted:
 (2A) In subsection (2), relevant percentage, in relation to gross earnings in respect of a licence during a period, means whichever of the following is applicable:
 (a) if the adjusted gross earnings are less than $5,000,000—the percentage worked out using the following formula:
 (b) if the adjusted gross earnings are not less than $5,000,000, but are less than $6,000,000—the percentage worked out using the following formula:
 (c) if the adjusted gross earnings are not less than $6,000,000 but are less than $7,000,000—the percentage worked out using the following formula:
 (d) if the adjusted gross earnings are not less than $7,000,000 but are less than $10,000,000—the percentage worked out using the following formula:
 (e) if the adjusted gross earnings are not less than $10,000,000 but are less than $20,000,000—the percentage worked out using the following formula:
 (f) if the adjusted gross earnings are not less than $20,000,000 but are less than $45,000,000—the percentage worked out using the following formula:
 (g) if the adjusted gross earnings are not less than $45,000,000 but are less than $75,000,000—the percentage worked out using the following formula:
 (h) if the adjusted gross earnings are not less than $75,000,000—whichever is the lesser of the following percentages:
 (i) 4.5%;
 (ii) the percentage worked out using the following formula:
where:
adjusted gross earnings is the amount worked out using the following formula:
adjusted gross earnings number is the number of dollars in the adjusted gross earnings.

Part 2—Application and transitional provisions