22ZYApplications under section 38AG of Act

#### 22ZY Applications under section 38AG of Act (1) This regulation is made for section 38AI of the Act and sets out the information that must be included in an application under section 38AG of the Act by a liable entity. (2) The application must: (a) set out the liable entity’s reasons for choosing the proposed amount; and (b) include a written statement from a person with responsibility for the liable entity’s compliance with the Act that, subject to subregulation (3), the proposed amount is the person’s best estimate of 4 times the amount of the liable entity’s reduced acquisitions for a relevant quarter at the time of the application; and (c) set out an estimate of the amount of the relevant acquisitions made by the entity in the year before the day of the application; and (d) specify whether there is any quarter in which the liable entity has not, or is not likely to, make any relevant acquisitions; and (e) set out any factors of which the liable entity is aware that could result in the amount of the liable entity’s reduced acquisitions being more, or less, than the proposed amount for a quarter. (3) For paragraph (2)(b), the person is to assume that the total amount of exemptions are allocated on a pro‑rata basis for the estimated amount of relevant acquisitions for the year.