Commonwealth Numbered Acts

RADIOCOMMUNICATIONS (RECEIVER LICENCE TAX) AMENDMENT ACT 1995 No. 108, 1995 - SCHEDULE 1

                                SCHEDULE 1                       Section 3

AMENDMENTS OF THE RADIOCOMMUNICATIONS (RECEIVER LICENCE TAX) ACT 1983 1.
Title: After "issue" insert ", the anniversary of the issue and the holding".
2. Section 6: Repeal the section, substitute: Imposition of tax

"6.(1) Tax is imposed on the issue of a receiver licence that is issued for a
period not exceeding 12 months.

"(2) If:

   (a)  a person applying for a receiver licence for a period of more than 12
        months has made an election under subsection (4) that this subsection
        apply; and

   (b)  a licence for such a period is issued to the person; tax is imposed on
        the issue of the licence for the period the licence is in force.

"(3) Subject to subsections (5) and (6), if:

   (a)  a person applying for a receiver licence for a period of more than 12
        months has made an election under subsection (4) that this subsection
        apply; and

   (b)  a licence for such a period is issued to the person; tax is imposed
        on:

   (c)  the issue of the licence; and

   (d)  each anniversary of the issue of the licence occurring during the
        period the licence is in force.

"(4) A person applying for a receiver licence for a period exceeding 12 months
must elect, in the application for the licence, that either subsection (2) or
(3) is to apply in respect of the receiver licence.

"(5) If the holder of a receiver licence:

   (a)  at the time when the person applied for the licence, elects that
        subsection (3) apply; and

   (b)  subsequently notifies the SMA, in writing, at least 21 days before the
        next anniversary of the issue of the licence that is more than 12
        months before the end of the period that the licence is in force, that
        this subsection is to apply; subsection (3) ceases to apply to the
        licence and tax is imposed on the holding of the licence on that
        anniversary.

"(6) If the holder of a receiver licence:

   (a)  has elected that subsection (3) apply; and

   (b)  has failed to pay tax imposed on an anniversary of the issue of the
        licence within 60 days after that day ('the 60 day period');
        subsection (3) ceases to apply the day after the end of the 60 day
        period and tax is imposed on the holding of the licence on that day.".
        3. Subsection 7(1): After "issue" insert ", the anniversary of the
        issue, or the holding".