Document ID: chunk:federal_register_of_legislation:F2024C01084:clause:1_3:p1
Version: federal_register_of_legislation:F2024C01084
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 1/2)
Character Range: 10241–12868

3  Calculating the Main Component for a spectrum licence
 (1) Subject to subclauses (4) and (5), for:
 (a) the tax imposed on the initial holding date for a spectrum licence; or
 (b) the tax imposed on each anniversary of the initial holding date for a spectrum licence, other than the last anniversary for the licence;
  the Main Component for the licence is calculated by following Step 1A, Step 2 and Step 3 in subclause (3).

 (2) Subject to subclauses (4) and (5), for the tax imposed on the last anniversary for the spectrum licence, the Main Component for the licence is calculated by following Step 1B, Step 2 and Step 3 in subclause (3).
 (3) The steps for calculating the Main Component for a spectrum licence are:

  Step 1A

  For each relevant frequency band for the licence, identify:
 (a) each licensed frequency range that falls within the relevant frequency band; and
 (b) the geographic area (GA) for each licensed frequency range identified in paragraph (a); and
 (c) the base amount for that relevant frequency band (corresponding base amount); and
  for each licensed frequency range identified in paragraph (a), multiply the corresponding base amount by:

  Step 1B

  For each relevant frequency band for the licence, identify:
 (a) each licensed frequency range that falls within the relevant frequency band; and
 (b) each geographic area (GA) for each licensed frequency range identified in paragraph (a); and
 (c) the base amount for that relevant frequency band (corresponding base amount); and
  for each licensed frequency range identified in paragraph (a), multiply the corresponding base amount by:

  where days means the number of days in the period:

 (d) starting on the last anniversary for the licence; and
 (e) ending on the expiry date for the licence.

  Step 2

  Add together all the amounts worked out in Step 1A or Step 1B. If the result is not a whole dollar amount:
 (a) if the result ends in an amount less than 50 cents – round down to the next dollar;
 (b) otherwise – round up to the next dollar.
Note: Step 2 may be substituted by subclause (4).

  Step 3

  The Main Component for the licence is the greater of:
 (a) the amount worked out in Step 2; and
 (b) $7.
 (4) If a spectrum licence authorises the use of spectrum in either of the following frequency bands:
 (a) 2570 MHz to 2585 MHz;
 (b) 2605 MHz to 2620 MHz;
  then, instead of Step 2 in subclause (3), use the following Step 2:

  Step 2

  Add together all the amounts worked out in Step 1A or Step 1B, and reduce the result by one third (discounted result). If the discounted result is not a whole dollar amount: