Document ID: chunk:federal_register_of_legislation:F2024C00799:body:0:p12
Version: federal_register_of_legislation:F2024C00799
Segment Type: other
Provision Reference: 
Character Range: 31617–34199

subsection 6(4) of a Tax Act for payment by instalments — general

        (2) Subject to subsections (3), (4) and (5), the charge for processing the payment of an instalment of tax in accordance with the election is an amount equal to the charge set out in column 3 of the relevant reference item.

       Election under subsection 6(4) of a Tax Act for payment by instalments — short period

        (3) For subsection (2), if the period between the last anniversary of effect of the licence occurring during the period when the licence is in force and the end of the day on which the licence ceases to be in force is less than 12 months, the charge for processing the payment of the instalment is the greater of:
          (a) the minimum charge; and
          (b) an amount worked out using Table 1.

              Table 1

Step 1  Work out an amount using the formula:

 where:
 AC is the amount set out in column 3 of the reference item.
 D is the number of days in the period starting on the anniversary of effect of the licence and ending at the end of the day when the licence expires.
Step 2   Round the amount to the nearest dollar in accordance with section 16.

       Election under subsection 6(5) of a Tax Act for payout of remaining instalments

        (4) If the person notifies the ACMA as set out in subsection 6(5) of a Tax Act:
          (a) subsection (2) ceases to apply on the day on which the person notifies the ACMA; and
          (b) the charge for processing the payment of tax in accordance with the notification is:
              (i) for the first year of the licence after the anniversary of effect of the licence mentioned in the subsection — the amount set out in column 3 of the relevant reference item; and
              (ii) for each complete year of the licence (if any) after the year mentioned in subparagraph (i) — the amount set out in column 3 of the relevant reference item, reduced by the minimum charge; and
              (iii) for any part of a year of the licence (if any) after the year mentioned in subparagraph (i) — an amount worked out using Table 2.

              Table 2

Step 1 Work out an amount using the formula:

        (AC – minimum charge) x D
        365
 where:
 AC is the amount set out in column 3 of the reference item.
 D is the number of days in the part of the year.
Step 2   Round the amount to the nearest dollar in accordance with section 16.

       Application of subsection 6(6) of a Tax Act — payment of all instalments after overdue instalment

        (5) If subsection 6(6) of a Tax Act