Fire and Emergency Services Levy Act 2017
102Calculation of levy proportion
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102 Calculation of levy proportion
102 Calculation of levy proportion
(1) The levy proportion of any relevant payments made to a council that are applied towards a financial year is to be calculated as follows:
where:L is the levy proportion of the relevant payments.
C is the total of all relevant payments made to the council during the reconciliation period that were applied by the council towards the financial year for which the calculation is being made.
B is the total of all assessed levies charged by the council for the financial year towards which the relevant payments are applied.
A is the total of all assessed rates or charges levied by the council for the financial year towards which the relevant payments are applied.
(2) The levy proportion is to be rounded to the nearest cent (with an amount of half a cent rounded up).
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