Document ID: chunk:federal_register_of_legislation:F2017L01375:reg:7:p2
Version: federal_register_of_legislation:F2017L01375
Segment Type: reg
Provision Reference: reg 7 (pt 2/2)
Character Range: 12563–13911

amount for the transmitter on 1 January 2019 worked out under section 6 of this instrument ($92,105.30, assuming there was no indexation on 1 July 2018) is decreased using the method statement in this subsection as follows:
(a) step 1 produces 334 daily amounts of $2523.43 (for each day between 1 January and 30 November 2018), and 31 daily amounts of $252.34 (for each day between 1 December and 31 December 2018);
(b) for step 2, the uncapped individual transmitter amount on 1 January 2018 was $921,053.00;
(c) the total of the step 1 daily amounts ($850,648.16) is less than the step 2 uncapped individual transmitter amount on 1 January 2018 ($921,053.00) and so the uncapped individual transmitter amount on 1 January 2019 is decreased under step 4 by the difference ($70,404.84) to $21,700.46.

Indexation
 (3) In applying subsections 6(3) to (6) for the purposes of step 1 of the method statement in subsection (2) of this section, each day in the previous tax period is taken to have occurred in the financial year in which the previous tax period started.

Transmitters added to licence during previous tax period
 (4) For the purposes of subsection (1), the uncapped individual transmitter amount for the transmitter on a day, in the previous tax period, before the transmitter licence began to cover the transmitter is taken to be nil.