Document ID: chunk:federal_register_of_legislation:F2022L00237:body:0:p4
Version: federal_register_of_legislation:F2022L00237
Segment Type: other
Provision Reference: 
Character Range: 7894–10207

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 $5,000,000, then:

            (a) for a leviable entity that is not part of a group of leviable entities – the earnings component for the leviable entity is $5,000,000; or

            (b) for a leviable entity that is part of a group of leviable entities – the earnings component for the leviable entity is $5,000,000, divided by the number of leviable entities in the group.

    6. Transaction reporting component

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

        (2) The transaction reporting component for a leviable entity is to be calculated in accordance with the following formula:

            (a) if the total value of the leviable reports that the entity gave in the 2020 calendar year was less than $15 billion:
1.4 cents for each leviable report  plus  0.00070301 per cent of the value of the leviable report

             or

            (b) if the total value of the leviable reports that the entity gave in the 2020 calendar year was $15 billion or more:
1.4 cents for each leviable report  plus  0.00092328 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 value of the transaction to which the leviable report relates.

        Transaction reporting component caps

        (5) If the total of the transaction reporting component calculated for a leviable entity under subitem (2)(a) is greater than $14,000,000, then the total transaction reporting component for the entity is $14,000,000.

        (6) If the total of the transaction reporting component calculated for a leviable entity under subitem (2)(b) is greater than $14,000,000, then the total transaction reporting component for the entity is $14,000,000.