Document ID: chunk:federal_register_of_legislation:C2013A00025:clause:1_1
Version: federal_register_of_legislation:C2013A00025
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 2200–3659

1  Subsection 6(2A)
Repeal the subsection, substitute:
 (2A) In subsection (2), relevant percentage, in relation to the gross earnings in respect of a licence during a period means whichever of the following is applicable:
 (a) if those gross earnings are less than $5,000,000—the percentage worked out using the following formula:
 (b) if those gross earnings are not less than $5,000,000 but are less than $6,000,000—the percentage worked out using the following formula:
 (c) if those gross earnings are not less than $6,000,000 but are less than $7,000,000—the percentage worked out using the following formula:
 (d) if those gross earnings are not less than $7,000,000 but are less than $10,000,000—the percentage worked out using the following formula:
 (e) if those gross earnings are not less than $10,000,000 but are less than $20,000,000—the percentage worked out using the following formula:
 (f) if those gross earnings are not less than $20,000,000 but are less than $45,000,000—the percentage worked out using the following formula:
 (g) if those gross earnings are not less than $45,000,000 but are less than $75,000,000—the percentage worked out using the following formula:
 (h) if those gross earnings are not less than $75,000,000—whichever is the lesser of the following percentages:
 (i) 4.5%;
 (ii) the percentage worked out using the following formula:
where:
gross earnings number means the number of dollars in those gross earnings.