Document ID: chunk:federal_register_of_legislation:C2020C00178:section:8:p2
Version: federal_register_of_legislation:C2020C00178
Segment Type: section
Provision Reference: s 8 (pt 2/3)
Character Range: 7809–10523

the special maximum levy amount for the financial year—the special maximum levy amount; or
 (iii) if the amount worked out under subparagraph (i) is less than the special minimum levy amount for the financial year—the special minimum levy amount.
Note: The special levy percentage, the special maximum levy amount and the special minimum levy amount are as determined under subsection (3).
 (3) The Treasurer is, by legislative instrument, to determine:
 (a) the maximum restricted levy amount for each financial year; and
 (b) the minimum restricted levy amount for each financial year; and
 (c) the restricted levy percentage for each financial year; and
 (ca) the unrestricted levy percentage for each financial year; and
 (d) how a general insurance company's levy base is to be worked out; and
 (e) the special maximum levy amount for each financial year; and
 (f) the special minimum levy amount for each financial year; and
 (g) the special levy percentage for each financial year; and
 (h) how a general insurance company's eligible premium income is to be worked out.
 (4) An amount determined under subsection (3) as the maximum restricted levy amount for a financial year must not exceed the statutory upper limit for the financial year.
 (4A) An amount determined under subsection (3) as the special maximum levy amount for a financial year must not exceed the special statutory upper limit for the financial year.
 (5) The Treasurer's determination under paragraph (3)(d) of how a general insurance company's levy base is to be worked out is to include, but is not limited to, a determination of the day as at which the general insurance company's levy base is to be worked out. That day must be:
 (a) if the general insurance company was a general insurance company at all times from and including 17 March of the previous financial year to and including the following 30 June—a day in the period from and including that 17 March to and including the following 14 April; or
 (b) if the general insurance company was not a general insurance company at all times from and including 17 March of the previous financial year to and including the following 30 June—the day after that 17 March when the general insurance company became, or becomes, a general insurance company.
 (6) The Treasurer's determination under paragraph (3)(h) of how a general insurance company's eligible premium income is to be worked out is to include, but is not limited to, a determination of:
 (a) that part of the premium income of a company that is eligible premium income; and
 (b) the period for which the eligible premium income is to be worked out.
 (7) A determination under subsection (3) may make different provision