Document ID: chunk:federal_register_of_legislation:F2016L01449:body:0:p4
Version: federal_register_of_legislation:F2016L01449
Segment Type: other
Provision Reference: 
Character Range: 7998–9607

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 $1,000,000, then:

            (a) for a leviable entity that is not part of a group of leviable entities – the earnings component for the leviable entity is $1,000,000; or

            (b) for a leviable entity that is part of a group of leviable entities – the earnings component for the leviable entity is $1,000,000, divided by the number of leviable entities in the group.

    6 Transaction reporting component

        (1) Subitem (2) has effect subject to subitem (3).

        (2) The transaction reporting component for a leviable entity is to be calculated in accordance with the following formula:
1.2 cents for each leviable report  +  0.00105436 per cent of the value of the leviable report

        (3) If a leviable report of the type referred to in paragraph (b) or (c) of the definition of leviable report is used in the calculation of a leviable entity's transaction reporting component, the same report cannot be used in the calculation of any other leviable entity's transaction reporting component.

        (4) In this item, a reference to the value of a leviable report is a reference to the transaction to which the leviable report relates.

[1]  All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.comlaw.gov.au.