sec.10Annual contributions of owners of prescribed properties—1 category— Act , s 152I

sec.10 Annual contributions of owners of prescribed properties—1 category— Act , s 152I

This section applies to a prescribed property if only 1 category applies to the entire property. The amount of the contribution payable by the owner of the property for a financial year is the amount stated in schedule 2 , column 2, according to— the levy group for the category applying to the property; and the levy class for the property. For deciding the levy group that applies to a property, if the area of the property, or part of the property, (expressed in square metres) or the licensed capacity of an oil or fuel depot or refinery (expressed in litres) includes a fraction, the number must be rounded to the nearest whole number (rounding one-half upwards). s 10 amd 2013 SL No. 110 s 16 ; 2014 SL No. 77 s 8 ; 2019 SL No. 110 s 9 ; 2024 Act No. 22 s 92 sch 1 (sec.10-ssec.1) This section applies to a prescribed property if only 1 category applies to the entire property. (sec.10-ssec.2) The amount of the contribution payable by the owner of the property for a financial year is the amount stated in schedule 2 , column 2, according to— the levy group for the category applying to the property; and the levy class for the property. (sec.10-ssec.3) For deciding the levy group that applies to a property, if the area of the property, or part of the property, (expressed in square metres) or the licensed capacity of an oil or fuel depot or refinery (expressed in litres) includes a fraction, the number must be rounded to the nearest whole number (rounding one-half upwards).

• (a) the levy group for the category applying to the property; and
• (b) the levy class for the property.