Document ID: chunk:federal_register_of_legislation:F2023L00794:body:0:p4
Version: federal_register_of_legislation:F2023L00794
Segment Type: other
Provision Reference: 
Character Range: 7915–10317

which are less than $100,000,000;

            is nil.

        Earnings component cap

        (4) If the earnings component calculated for a leviable entity under subitem (2) is greater than $5,000,000, then:

            (a) for a leviable entity that is not part of a group of leviable entities – the earnings component for the leviable entity is $5,000,000; or

            (b) for a leviable entity that is part of a group of leviable entities – the earnings component for the leviable entity is $5,000,000, divided by the number of leviable entities in the group.

    6. Transaction reporting component

        (1) Subitem (2) has effect subject to subitems (3), (5) and (6).

        (2) The transaction reporting component for a leviable entity is to be calculated in accordance with the following formula:

            (a) if the total value of the leviable reports that the entity gave in the 2021 calendar year was less than $15 billion:
1.4 cents for each leviable report  plus  0.00042645 per cent of the value of the leviable report

            or

            (b) if the total value of the leviable reports that the entity gave in the 2021 calendar year was $15 billion or more:
1.4 cents for each leviable report  plus  0.0000075276 per cent of the value of the leviable report

        (3) If a leviable report of the type referred to in paragraph (b) or (c) of the definition of leviable report is used in the calculation of a leviable entity's transaction reporting component, the same report cannot be used in the calculation of any other leviable entity's transaction reporting component.

        (4) In this item, a reference to the value of a leviable report is a reference to the value of the transaction to which the leviable report relates.

        Transaction reporting component caps

        (5) If the total of the transaction reporting component calculated for a group of leviable entities under subitem (2)(a) is greater than $7,098,999.75, then the total transaction reporting component for the group of leviable entities, or single leviable entity, is $7,098,999.75.

        (6) If the total of the transaction reporting component calculated for a group of leviable entities under subitem (2)(b) is greater than $7,098,999.75, then the total transaction reporting component for the group of leviable entities, or single leviable entity, is $7,098,999.75.