6Rebate of transmitter licence tax for other rebate periods

6 Rebate of transmitter licence tax for other rebate periods

(1) For the purposes of section 14 of the Act, a company specified in an item in column 2 of the table in section 7 is entitled to a rebate of the amount specified for the item in column 3 of transmitter licence tax imposed during each of rebate period 1, rebate period 3, and rebate period 4.

(2) A rebate under subsection (1) is applied as an offset against transmitter licence tax imposed.

(3) A rebate under subsection (1) is applied:

(a) if the company holds only one transmitter licence – at the time that transmitter licence tax is imposed during each of rebate period 1, rebate period 3, and rebate period 4; or

(b) if the company holds more than one transmitter licence:

(i) at the time of the first imposition of transmitter licence tax on the transmitter licences held by the company during each of rebate period 1, rebate period 3, and rebate period 4;

(ii) only to the extent the amount of the rebate is equal to or less than the transmitter licence tax imposed; and

(iii) if due to subparagraph (ii) rebate remains to be applied – on each subsequent occasion that tax is imposed on the transmitter licences held by the company within each of rebate period 1, rebate period 3, and rebate period 4, until the rebate amount in column 3 of the table in section 7 in respect of the company is reached for that period.

Example 1: Company A holds a transmitter licence for which transmitter licence tax of $10,000 is imposed on 14 August in each of 2024, 2026 and 2027 (each date being an anniversary of the licence coming into force). These three dates respectively fall within rebate period 1, rebate period 3, and rebate period 4. The rebate the company is entitled to according to the table is $2,250. This rebate will be applied as an offset against the amount of transmitter licence tax ($10,000) imposed on each date mentioned, reducing the transmitter licence tax liability of Company A on each date to $7,750.

Example 2: Company B holds three transmitter licences (TL1, TL2 and TL3). For rebate period 1, the transmitter licence tax for TL1 is $10,000 imposed on 14 August 2024, the transmitter licence tax for TL2 is $10,000 imposed on 3 May 2025, and the transmitter licence tax for TL3 is $60,000 imposed on 31 May 2025. The rebate the company is entitled to according to the table is $24,750. Accordingly, $10,000 of this rebate will be applied as an offset against the amount of transmitter licence tax imposed for TL1 on 14 August 2024, $10,000 of the rebate will be applied as an offset against the amount of transmitter licence tax imposed for TL2 on 3 May 2025, and the remaining $4,750 of the rebate will be applied as an offset against the amount of transmitter licence tax imposed for TL3 on 31 May 2025. The total transmitter licence tax liability of Company B in rebate period 1 will be $55,250.