Commonwealth Consolidated Acts Commonwealth Consolidated ActsWhere:
(a) a fee is payable under subsection 6(2) on a 31 December in respect of earnings during a period (in this section referred to as the first fee period );
(b) a fee would, but for this section, be payable under that subsection on the next 31 December in respect of earnings during a period (in this section referred to as the second fee period ); and
(c) by reason of a change in the accounting period used by the licensee, the second fee period commences before or does not commence immediately after the end of the first fee period;
section 6 applies in relation to the fee payable on the anniversary referred to in paragraph (b) as if:
(d) references in that section to a period of one year ending on a day were references to the period commencing immediately after the end of the first fee period and ending on the day on which the second fee period ends; and
(e) subsection 6(2A) were omitted and the following subsection were substituted:
"(2A) In subsection (2), relevant percentage , in relation to gross earnings in respect of a licence during a period, means:
(a) where A is less than $5,000,000--the percentage ascertained in accordance with the formula:
(b) where A is not less than $5,000,000 but is less than $6,000,000--the percentage ascertained in accordance with the formula:
(c) where A is not less than $6,000,000 but is less than $7,000,000--the percentage ascertained in accordance with the formula:
(d) where A is not less than $7,000,000 but is less than $10,000,000--the percentage ascertained in accordance with the formula:
(e) where A is not less than $10,000,000--whichever is the lesser of 3.25% or the percentage ascertained in accordance with the formula:
where:
"A" is the amount ascertained in accordance with the formula:
"B" is the number of dollars in the gross earnings in respect of the licence during the period; and
"C" is the number of days in the period."