sec.14Meaning of level 2 rate

sec.14 Meaning of level 2 rate

The level 2 rate for a type of waste stated in schedule 1 , table 2 is— for the 2023–2024 financial year—the rate stated in schedule 1 , table 2 opposite the type of waste for the financial year; or for a later financial year, the rate worked out by— identifying the level 2 rate for the type of waste for the previous financial year (whether under paragraph (a) or under a previous application of this paragraph); and increasing the rate identified under subparagraph (i) by the indexation rate for the later financial year; and rounding the result down to the nearest whole dollar.

• (a) for the 2023–2024 financial year—the rate stated in schedule 1 , table 2 opposite the type of waste for the financial year; or
• (b) for a later financial year, the rate worked out by— (i) identifying the level 2 rate for the type of waste for the previous financial year (whether under paragraph (a) or under a previous application of this paragraph); and (ii) increasing the rate identified under subparagraph (i) by the indexation rate for the later financial year; and (iii) rounding the result down to the nearest whole dollar.
• (i) identifying the level 2 rate for the type of waste for the previous financial year (whether under paragraph (a) or under a previous application of this paragraph); and
• (ii) increasing the rate identified under subparagraph (i) by the indexation rate for the later financial year; and
• (iii) rounding the result down to the nearest whole dollar.
• (i) identifying the level 2 rate for the type of waste for the previous financial year (whether under paragraph (a) or under a previous application of this paragraph); and
• (ii) increasing the rate identified under subparagraph (i) by the indexation rate for the later financial year; and
• (iii) rounding the result down to the nearest whole dollar.