Document ID: chunk:federal_register_of_legislation:F2025L00058:clause:2_2
Version: federal_register_of_legislation:F2025L00058
Segment Type: clause
Provision Reference: sch 2 cl 2
Character Range: 85562–86257

2  Amount of tax payable – licence issued for a period of 12 months or less
 (1) This item applies to a spectrum access licence or a set amount licence that has a licence period of 12 months or less.
 (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, work out the annual amount for each spectrum access for the licence, and add those amounts together;
 (ii) for a set amount licence, find the annual amount for the licence;
  (the 12 month amount);
 (b) second, multiply the 12 month amount by the number of days in the licence period;
 (c) third, divide the result by 365.