Document ID: chunk:federal_register_of_legislation:C2023C00080:clause:1_448
Version: federal_register_of_legislation:C2023C00080
Segment Type: clause
Provision Reference: sch 1 cl 448
Character Range: 155483–157149

448  At the end of section 65C
Add:

Prescribed rate component
 (4) For the purposes of paragraph (1)(aa), the prescribed rate component of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:

where:
number of tonnes of the SGG means the number of tonnes of the SGG to which the levy relates.
prescribed rate means the applicable rate prescribed by the regulations made for the purposes of the definition of prescribed rate in subsection 3A(7) of the Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995.
 (5) For the purposes of paragraph (1)(ab), the prescribed rate component of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:

where:
number of tonnes of the SGG contained in the equipment means the number of tonnes of the SGG contained in the equipment to which the levy relates.
prescribed rate means the applicable rate prescribed by the regulations made for the purposes of the definition of prescribed rate in subsection 4A(5) of the Ozone Protection and Synthetic Greenhouse Gas (Import Levy) Act 1995.
 (6) For the purposes of paragraph (1)(ac), the prescribed rate component of an amount of levy is so much of that amount as is equal to the amount worked out using the following formula:

where:
number of tonnes of the SGG means the number of tonnes of the SGG to which the levy relates.
prescribed rate means the rate prescribed by the regulations made for the purposes of the definition of prescribed rate in subsection 3A(5) of the Ozone Protection and Synthetic Greenhouse Gas (Manufacture Levy) Act 1995.