Document ID: chunk:federal_register_of_legislation:F2021L00419:body:0:p2
Version: federal_register_of_legislation:F2021L00419
Segment Type: other
Provision Reference: 
Character Range: 2834–5625

that are related bodies corporate.

        leviable entity, in relation to the financial year, has the same meaning as in the Act.

        leviable report, in relation to a leviable entity, means one of the following reports given to the AUSTRAC CEO during the calendar year beginning on 1 January 2019:

             (a) a report given by the leviable entity under subsections 43(2) or 45(2) of the AML/CTF Act (including a report given by the leviable entity in the form required for subsections 43(2) or 45(2), whether or not such a report was required to be given under either of those subsections); or

            (b) a report of the type referred to in paragraph (a) that was given by another leviable entity that, as at the time the report was given, was a remittance affiliate of the leviable entity; or

            (c) a report of the type referred to in paragraph (a) that was given by another leviable entity that, prior to the census day, was acquired by the leviable entity.

        National Electricity Rules means the Rules made under the National Electricity Law set out in the Schedule to the National Electricity (South Australia) Act 1996 (SA).

        previous financial year means the financial year beginning on 1 July 2019.

        registered financial corporation has the same meaning as registered entity in the Financial Sector (Collection of Data) Act 2001.

        related bodies corporate has the same meaning as in the Corporations Act 2001.

        remittance affiliate means a leviable entity that:

            (a) provides a designated service covered by item 31 or 32 of table 1 in section 6 of the AML/CTF Act; and

            (b) provides that service as part of a network of persons of a kind referred to in item 32A of that table operated by another leviable entity.

        subsidiary has the same meaning as in the Corporations Act 2001.

        (2) A reference in this Determination to the total profit or total earnings of a leviable entity that is a foreign company or a subsidiary of a foreign company is a reference to the total profit or total earnings of the leviable entity which are derived from operations in Australia.

    4 Amount of instalment of levy

        (1) Subitem (2) has effect subject to subitems (3), (4), (5), (6) and (7).

        (2) For subsection 9(1) of the Act, the amount of the instalment of levy payable by a leviable entity for the financial year is to be calculated in accordance with the following formula:

earnings component  +  transaction reporting component

        Payment threshold

        (3) If the amount calculated in relation to a leviable entity under subitem (2) is less than $1,100, then, for subsection 9(1) of the Act, the amount of the instalment of levy payable by the leviable