sec.11JWhat is a licensee’s maximum revenue

### sec.11J What is a licensee’s maximum revenue A licensee’s maximum revenue for a reporting year is— the amount worked out under section 11K for the licensee (the calculated maximum revenue ); or an amount, nominated by the licensee, that is less than the licensee’s calculated maximum revenue. However, if the licensee’s maximum revenue is changed under section 11M or reduced under section 11N , the licensee’s maximum revenue for the reporting year is the amount as changed or reduced, and notified to the licensee under section 17O . s 11J ins 2019 SL No. 30 s 16 (sec.11J-ssec.1) A licensee’s maximum revenue for a reporting year is— the amount worked out under section 11K for the licensee (the calculated maximum revenue ); or an amount, nominated by the licensee, that is less than the licensee’s calculated maximum revenue. (sec.11J-ssec.2) However, if the licensee’s maximum revenue is changed under section 11M or reduced under section 11N , the licensee’s maximum revenue for the reporting year is the amount as changed or reduced, and notified to the licensee under section 17O . - (a) the amount worked out under section 11K for the licensee (the calculated maximum revenue ); or - (b) an amount, nominated by the licensee, that is less than the licensee’s calculated maximum revenue.