9Amount of annual levy

9 Amount of annual levy

(1) For the purposes of subsection 12(1) of the Act, the amount of levy imposed by subsection 8(1) of the Act on a person for a levy period and a sub‑sector is the sum of: (a) the minimum levy component for the sub‑sector; and (b) the graduated levy component for the person for the levy period and the sub‑sector.

Note: For the graduated levy component, see section 11.

(2) The minimum levy component for each sub‑sector is $100.

Note 1: The total amount of levy worked out under subsection (1) across all members of the sub‑sector for the levy period will not cause the sub‑sector levy cap for the levy period and the sub‑sector to be exceeded (see paragraph (b) of the definition of sub‑sector costs in subsection 11(1)).

Note 2: That total amount of levy will also not cause the scheme levy cap to be exceeded because the scheme levy cap will always exceed the sum of the sub‑sector levy caps (see subsection 17(2) of the Act) for the sub‑sectors prescribed in section 6 of this instrument.