Document ID: chunk:federal_register_of_legislation:F2025L00057:clause:2_3
Version: federal_register_of_legislation:F2025L00057
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 30693–32770

3  Amount of tax payable – licence issued for period greater than 12 months, where subsection 6(2) of the Act applies
 (1) This item applies to a spectrum access licence or a set amount licence where:
 (a) the licence has a licence period greater than 12 months; and
 (b) either:
 (i) the person applying for the licence made an election under subsection 6(4) of the Act that subsection 6(2) of the Act is to apply; or
 (ii) when the application was made for the licence, the licence was covered by a determination under subsection 6(1B) of the Act.
 (2) Subject to items 8 to 10, the amount of tax payable in relation to the issue of the licence is worked out as follows:
 (a) first:
 (i) for a spectrum access licence, add together the annual amounts for each spectrum access for the licence, and multiply that by the number of years that include one of the following days:
                      (A) the start day for the licence; and
                      (B) a day in the licence period that is an anniversary of the start day, other than the last such anniversary during the licence period;
 (ii) for a set amount licence, find the annual amount for the licence, and multiply that by the number of years that include one of the following days:
                      (A) the start day for the licence; and
                      (B) a day in the licence period that is an anniversary of the start day, other than the last such anniversary during the licence period;
  (the first component);
 (b) second:
 (i) for a spectrum access licence, add together the annual amounts for each spectrum access for the licence;
 (ii) for a set amount licence, find the annual amount for the licence;
  (the second component);
 (c) third:
 (i) multiply the second component by the number of days in the period starting on the last anniversary of the start day for the licence during the licence period, and ending at the end of the licence period; and
 (ii) divide the result by 365 (the adjusted second component);
 (d) fourth, add the first component and the adjusted second component.