9Amount of instalment of levy

9 Amount of instalment of levy

(1A) The amount of an instalment of levy payable by a leviable entity for a financial year is the amount determined under subsection (1). (1) The Minister may, by legislative instrument, determine the amount of an instalment of levy payable by a leviable entity for a financial year. (2) However: (a) the Minister must make at least one determination under subsection (1) for a financial year; and (b) the sum of all amounts of all instalments of levy payable by all leviable entities for a financial year must not exceed the statutory limit for that year. (3) A determination made for the purposes of subsection (1) may do one or more of the following: (a) specify an amount or a method for determining an amount; (b) specify different amounts or methods for different classes of leviable entities; (c) specify a nil amount or a method resulting in a nil amount; (d) specify methods that refer to acts done or circumstances existing before either the commencement of the determination or the commencement of this Act, or both. Retrospective application of determinations (4) Subsection 12(2) (retrospective application of legislative instruments) of the Legislation Act 2003 does not apply to a determination made for the purposes of subsection (1).