Automotive Transformation Scheme Order 2010
2.1Working out production amounts for MVPs
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2.1 Working out production amounts for MVPs
(1) As soon as practicable after an MVP provides a return to the Secretary for a quarter, the Secretary must work out the uncapped production amount for the MVP for the quarter in accordance with the formula: Image unavailable in extracted text where:
A is the maximum claimable value for allowable production for an MVP in the quarter.
B is the assistance multiplier, if any, for the ATS year mentioned in column 1 of the following table, being the multiplier, if any, mentioned in column 3 for the year.
C is the assistance rate, if any, for the ATS year mentioned in column 1 of the following table, being the rate mentioned in column 4 for the year.
| ATS year | ATS Stage | Assistance multiplier (B) (%) | Assistance rate (C) (%) |
|---|---|---|---|
| 1 | 1 | 10.0 | 15 |
| 2 | 1 | 8.5 | 15 |
| 3 | 1 | 7.0 | 15 |
| 4 | 1 | 5.5 | 15 |
| 5 | 1 | 4.0 | 15 |
| 6 | 2 | 2.5 | 15 |
| 7 | 2 | 1.0 | 15 |
| 8 | 2 | 0.0 | 0 |
| 9 | 2 | 0.0 | 0 |
| 10 | 2 | 0.0 | 0 |
(2) As soon as practicable after an MVP provides a return to the Secretary for a quarter, the Secretary must work out the capped production amount for the MVP for the quarter in accordance with the formula: Image unavailable in extracted text where:
A is the maximum claimable value for allowable production for an MVP in the quarter.
CA is the total amount of other Commonwealth assistance, if any, received by the MVP in relation to the allowable production described in component A of the formula.
Note: Section 4.3 sets out how the amount of other Commonwealth assistance is worked out.