21Amount of tax payable — licence issued for period greater than 12 months, where subsection 6(5) of the Act applies

21 Amount of tax payable – licence issued for period greater than 12 months, where subsection 6(5) of the Act applies

(1) This item applies to a Part 4 licence where: (a) the licence has a licence period greater than 12 months; and (b) the licensee notifies the ACMA under subsection 6(5) of the Act that the subsection is to apply to the licence. (2) Subject to items 24 and 25, the amount of tax payable in relation to the holding of the licence on a particular day (the holding day) is worked out as follows: (a) first, find the yearly amount for the licence; (b) second, multiply that yearly amount by the number of days in the remaining holding period; (c) third, divide the result by 365. (3) In sub-item (2), the remaining holding period for a licence is the period: (a) commencing on the first anniversary of the start day for the licence that occurs after the holding day; and (b) ending at the end of the licence period for the licence.

Note: Notice under subsection 6(5) of the Act may only be given more than 12 months before the end of the licence period.