Document ID: chunk:federal_register_of_legislation:C2004A00735:clause:1_20r
Version: federal_register_of_legislation:C2004A00735
Segment Type: clause
Provision Reference: sch 1 cl 20R
Character Range: 134150–135091

20R  Levy debit of a participating person

 (1) For each claim period, the ACA must work out a levy debit for each participating person for the last eligible revenue period that ended before the start of the claim period.

 (2) The levy debit is the amount worked out using the formula:
where:

levy contribution factor means the person's levy contribution factor for that eligible revenue period worked out under section 20H.

total levy credits means the total of all the levy credits to which persons are entitled for that claim period.

 (3) The Minister may, by written determination, modify the formula in subsection (2).

Note: The Minister may, for example, increase the amount of total levy credits to take account of the possibility of defaults in the payment of levy for a claim period.

 (4) A determination under subsection (3) is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901.