Warehouse licence charge paid in full
(1) For section 87A of the Act, if the warehouse licence charge for the licence was paid in full, the amount of the refund is worked out using the formula:
Warehouse licence charge paid in instalments
(2) For section 87A of the Act, if the warehouse licence charge for the licence was paid in instalments, the amount of the refund is worked out using the formula:
(3) In this instrument:
"instalment period" means a period, in a financial year, that:
(a) starts on the day on which an instalment is due to be paid; and
(b) ends on the day immediately before:
(i) the day on which the next instalment for the financial year is due to be paid; or
(ii) if no more instalments are due to be paid for the financial year--the start of the next financial year.
"relevant instalment period" means the instalment period during which the
licence is cancelled.