Document ID: chunk:federal_register_of_legislation:C2024C00195:section:42:p1
Version: federal_register_of_legislation:C2024C00195
Segment Type: section
Provision Reference: s 42 (pt 1/2)
Character Range: 99363–102217

42  Statement of overall levy target amount

Overall levy target amount
 (1) After the end of an eligible levy period, the Secretary must prepare a written statement setting out the overall levy target amount for the period.

Components of overall levy target amount—general rule
 (2) After the end of an eligible levy period (other than the first eligible levy period), the Secretary must prepare a written statement setting out the total amount paid by the Secretary on behalf of the Commonwealth during the period under contracts made under section 14.
Note 1: The first eligible levy period is the 2014‑15 financial year (see section 5).
Note 2: See also subsection 61(3) (set‑off).
 (3) After the end of an eligible levy period (other than the first eligible levy period), the Secretary must prepare a written statement setting out the total amount paid by the Secretary on behalf of the Commonwealth during the period by way of grants made under section 14.
Note 1: The first eligible levy period is the 2014‑15 financial year (see section 5).
Note 2: See also subsection 61(4) (set‑off).
 (4) After the end of an eligible levy period (other than the first eligible levy period), the Secretary must prepare a written statement setting out:
 (a) the total amount of the eligible administrative costs of the Commonwealth incurred during the period; and
 (b) a breakdown of the amount referred to in paragraph (a) into categories specified in the regulations.
Note: The first eligible levy period is the 2014‑15 financial year (see section 5).

Components of overall levy target amount—first eligible levy period
 (5) After the end of the first eligible levy period, the Secretary must prepare a written statement setting out the total amount paid by the Telecommunications Universal Service Management Agency on behalf of the Commonwealth during the period under contracts made under section 13 of the repealed Telecommunications Universal Service Management Agency Act 2012.
Note: The first eligible levy period is the 2014‑15 financial year (see section 5).
 (6) After the end of the first eligible levy period, the Secretary must prepare a written statement setting out the total amount paid by the Telecommunications Universal Service Management Agency on behalf of the Commonwealth during the period by way of grants made under section 13 of the repealed Telecommunications Universal Service Management Agency Act 2012.
Note: The first eligible levy period is the 2014‑15 financial year (see section 5).
 (7) After the end of the first eligible levy period, the Secretary must prepare a written statement setting out:
 (a) the total amount of the Telecommunications Universal Service Management Agency's administrative costs (within the meaning of the repealed Telecommunications Universal Service Management Agency Act 2012) incurred during the