Document ID: chunk:federal_register_of_legislation:C2004A00735:clause:1_20h
Version: federal_register_of_legislation:C2004A00735
Segment Type: clause
Provision Reference: sch 1 cl 20H
Character Range: 127810–128587

20H  Levy contribution factor

 (1) After the ACA has assessed the eligible revenue of participating persons for an eligible revenue period, the ACA must work out a levy contribution factor for the period for each of those persons.

Note: The levy contribution factor is used to work out the levy debit of a participating person. See section 20R.

 (2) The levy contribution factor for an eligible revenue period is the amount worked out using the following formula:
where:

individual eligible revenue means the assessed eligible revenue of the participating person for the eligible revenue period.

total eligible revenue means the total assessed eligible revenue for the eligible revenue period of all the participating persons for the period.

Subdivision B—Levy credits