sec.37Prescribed percentage— Act , s 203

sec.37 Prescribed percentage— Act , s 203

For section 203 (2) of the Act , the percentage of the royalty amount received in a financial year is— 100% of each $1 of the royalty amount up to and including, but not more than, the threshold amount for paragraph (a) ; and 50% of each $1 of the royalty amount that is more than the threshold amount for paragraph (a) but not more than the threshold amount for paragraph (b) ; and 33.32% of each $1 of the royalty amount that is more than the threshold amount for paragraph (b) but not more than the threshold amount for paragraph (c) ; and 20% of each $1 of the royalty amount that is more than the threshold amount for paragraph (c) but not more than the threshold amount for paragraph (d) ; and 10% of each $1 of the royalty amount that is more than the threshold amount for paragraph (d) . In this section— consumer price index means the all groups consumer price index for Brisbane published by the Australian Statistician. threshold amount — for the financial year ending 30 June 2011— for paragraph (a) , means $100,000; and for paragraph (b) , means $200,000; and for paragraph (c) , means $500,000; and for paragraph (d) , means $1,000,000; and for a later financial year—for paragraphs (a) , (b) , (c) and (d) , means the threshold amount for the particular paragraph for the financial year immediately preceding the later financial year (the previous financial year ) increased by the consumer price index for the previous financial year. (sec.37-ssec.1) For section 203 (2) of the Act , the percentage of the royalty amount received in a financial year is— 100% of each $1 of the royalty amount up to and including, but not more than, the threshold amount for paragraph (a) ; and 50% of each $1 of the royalty amount that is more than the threshold amount for paragraph (a) but not more than the threshold amount for paragraph (b) ; and 33.32% of each $1 of the royalty amount that is more than the threshold amount for paragraph (b) but not more than the threshold amount for paragraph (c) ; and 20% of each $1 of the royalty amount that is more than the threshold amount for paragraph (c) but not more than the threshold amount for paragraph (d) ; and 10% of each $1 of the royalty amount that is more than the threshold amount for paragraph (d) . (sec.37-ssec.2) In this section— consumer price index means the all groups consumer price index for Brisbane published by the Australian Statistician. threshold amount — for the financial year ending 30 June 2011— for paragraph (a) , means $100,000; and for paragraph (b) , means $200,000; and for paragraph (c) , means $500,000; and for paragraph (d) , means $1,000,000; and for a later financial year—for paragraphs (a) , (b) , (c) and (d) , means the threshold amount for the particular paragraph for the financial year immediately preceding the later financial year (the previous financial year ) increased by the consumer price index for the previous financial year.