Document ID: chunk:federal_register_of_legislation:C2004A00735:clause:4_4
Version: federal_register_of_legislation:C2004A00735
Segment Type: clause
Provision Reference: sch 4 cl 4
Character Range: 183055–183658

4  Nil assessments
The ACA may make an assessment under section 193 of the former law or item 3 of this Schedule that a participating carrier's eligible revenue for the 1998‑1999 financial year is nil if, in the ACA's opinion, without such an assessment:
 (a) it is unlikely that the carrier would be able to pay any levy that would be payable; or
 (b) the carrier is unlikely to pay the levy unless the Commonwealth takes action to recover it and the cost of doing so would exceed the amount of the levy.

Note: However, the ACA could later amend a nil assessment under section 195 of the former law.