SCHEDULE 1Regulation 9

## SCHEDULE 1 Regulation 9 STEPS FOR WORKING OUT A PARTICIPATING CARRIER’S GROSS TELECOMMUNICATIONS SALES REVENUE STEP 1 The participating carrier identifies sales revenue as follows: A. If the participating carrier’s financial year ends on 30 June, and its revenue is included in the audited annual consolidated financial statements of an ultimate Australian parent entity, the carrier identifies the amount that: (a) is described as sales revenue for the financial year in the entity’s annual consolidated financial statements; or (b) is likely to be described as sales revenue for the financial year when the entity’s annual consolidated financial statements are prepared and audited. > Note For a carrier that is not a public body (see Act, s 52), the description of sales revenue should be based on audited statements for the financial year, prepared using information and accounting methods that comply with Corporations Law accounting standards. > Note: The participating carrier must give the ACA a return of its eligible revenue within 90 days after the end of the financial year (see Act, s 191). However, the audited statements may not be completed within the 90 days. SCHEDULE 1—continued B. If the participating carrier’s financial year ends on 30 June, and its revenue is not included in the audited annual consolidated financial statements of an ultimate Australian parent entity, the carrier identifies the amount that: (a) is described as sales revenue for the financial year in its annual financial statements; or (b) is likely to be described as sales revenue for the financial year when its annual consolidated financial statements are prepared and audited. > Note For a carrier that is not a public body (see Act, s 52), the description of sales revenue should be based on audited statements for the financial year, prepared using information and accounting methods that comply with Corporations Law accounting standards. > Note: The participating carrier must give the ACA a return of its eligible revenue within 90 days after the end of the financial year (see Act, s 191). However, the audited statements may not be completed within the 90 days. C. If the participating carrier’s financial year does not end on 30 June, and its revenue is included in the audited annual consolidated financial statements of an ultimate Australian parent entity, the carrier identifies the amount that is described as sales revenue for the financial year in: (a) the entity’s last completed and audited annual consolidated financial statements; or (b) another audited consolidated statement approved by the ACA. SCHEDULE 1—continued D. If the participating carrier’s financial year does not end on 30 June, and its revenue is not included in the audited annual consolidated financial statements of an ultimate Australian parent entity, the carrier identifies the amount that is described as sales revenue for the financial year in: (a) its last completed and audited financial statements; or (b) another audited financial statement approved by the ACA. STEP 2 The participating carrier deducts from the sales revenue any amount that is earned from an activity outside the telecommunications industry. > Note The deductions include amounts of non-telecommunications revenue (see Division 6 of Part 4), which may also include non‑telecommunications revenue unbundled from bundled revenue (see Division 6 of Part 5). > Note: Example of non-telecommunications revenue > Note: The supply of electricity, gas or water. STEP 3 The participating carrier adds any amount of telecommunications sales revenue that: (a) has not been identified under step 1; and (b) would reasonably be described as its telecommunications sales revenue for the financial year. STEP 4 The participating carrier adds any amount that: (a) has not been identified under steps 1 and 3; and (b) is to be treated as part of its gross telecommunications sales revenue for the financial year under Part 4. SCHEDULE 1—continued STEP 5 The result is the participating carrier’s gross telecommunications sales revenue for the financial year. > Note Part 5 deals with deducting amounts from the gross telecommunications sales revenue.