Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) For the purposes of subsection 14(1) of the Act, the amount of levy imposed by subsection 8(3) of the Act on a person:
(a) for a levy period and a sub-sector; and
(b) because the following have come into force for the levy period and the sub-sector:
(i) a revised claims, fees and costs estimate;
(ii) a determination under section 1069H of the Corporations Act 2001 ;
is the amount worked out under subsection (2) of this section.
(2) The amount is the amount that would have been worked out under paragraph 9(1)(b) for the person for the levy period and the sub-sector if the sub-sector costs in subsection 11(1) were the lesser of:
(a) the amount specified, under paragraph 1069H(4)(b) of that Act, in that determination; and
(b) the amount by which the scheme levy cap exceeds the total amount of levy already imposed for the levy period:
(i) across all persons across all sub-sectors; and
(ii) before that determination was made.
Note: Paragraph (b) ensures the scheme levy cap will not be exceeded.