Document ID: chunk:federal_register_of_legislation:C2006A00042:clause:1_5
Version: federal_register_of_legislation:C2006A00042
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 1987–3095

5  After subsection 8(2)
Insert:

 (2A) The special component for a general insurance company for a financial year is:
 (a) nil, if the general insurance company belongs to a class of general insurance company for which no provision is made in the Treasurer's determination under paragraph (3)(h); or
 (b) if the general insurance company belongs to a class of general insurance company for which provision is made in the Treasurer's determination under paragraph (3)(h):
 (i) unless subparagraph (ii) or (iii) applies—the amount that, for the financial year, is the special levy percentage of the general insurance company's eligible premium income; or
 (ii) if the amount worked out under subparagraph (i) exceeds the special maximum levy amount for the financial year—the special maximum levy amount; or
 (iii) if the amount worked out under subparagraph (i) is less than the special minimum levy amount for the financial year—the special minimum levy amount.

Note: The special levy percentage, the special maximum levy amount and the special minimum levy amount are as determined under subsection (3).