Document ID: chunk:federal_register_of_legislation:F2018L01331:body:0:p4
Version: federal_register_of_legislation:F2018L01331
Segment Type: other
Provision Reference: 
Character Range: 7908–9916

group of leviable entities the total earnings for 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 $1,500,000, then:

            (a) for a leviable entity that is not part of a group of leviable entities – the earnings component for the leviable entity is $1,500,000; or

            (b) for a leviable entity that is part of a group of leviable entities – the earnings component for the leviable entity is $1,500,000, divided by the number of leviable entities in the group.

    6 Transaction reporting component

        (1) Subitem (2) has effect subject to subitem (3).

        (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 2017 calendar year was less than $15 billion:
1.2 cents for each leviable report  plus  0.00094705 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 2017 calendar year was $15 billion or more:
1.2 cents for each leviable report  plus  0.00112194 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.

[1] All legislative instruments and compilations are registered on the Federal Register of Legislation, managed in accordance with the Legislation Act 2003.  See Federal Register of Legislation.