Document ID: chunk:federal_register_of_legislation:F2025L00057:clause:2_4
Version: federal_register_of_legislation:F2025L00057
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 32770–35110

4  Amount of tax payable – licence issued for period greater than 12 months, where subsection 6(3) 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(3) 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(1D) of the Act.
 Amount of tax payable on licence issue
 (2) Subject to items 8 to 10, the amount of tax payable in relation to the issue of a spectrum access licence is the sum of the annual amounts for each spectrum access for the licence.
 (3) Subject to items 8 to 10, the amount of tax payable in relation to the issue of a set amount licence is the annual amount for the licence.
Amount of tax payable on holding of licence
 (4) Subject to sub-item (5) and items 8 to 10, the amount of tax payable in relation to an anniversary of the start day for a spectrum access licence, is the sum of the annual amounts for each spectrum access for the licence.
 (5) Subject to items 8 to 10, the amount of tax payable in relation to the last anniversary during the licence period of the start day for a spectrum access licence (the last anniversary), is worked out as follows:
 (a) first, work out the annual amount for each spectrum access for the licence, and add those amounts together (the 12 month amount);
 (b) second, multiply the 12 month amount by the number of days in the period starting on the last anniversary and ending at the end of the licence period;
 (c) third, divide the result by 365.
 (6) Subject to sub-item (7) and items 8 to 10, the amount of tax payable in relation to an anniversary of the start day for a set amount licence is the annual amount for the licence.
 (7) Subject to items 8 to 10, the amount of tax payable in relation to the last anniversary during the licence period of the start day for a set amount licence (the last anniversary), is worked out as follows:
 (a) first, multiply the annual amount for the licence by the number of days in the period starting on the last anniversary and ending at the end of the licence period;
 (b) second, divide the result by 365.