Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) For the purposes of subsection 12(1) of the Act, the amount of levy imposed by subsection 8(1) of the Act on a person for a levy period and a sub-sector is the sum of:
(a) the minimum levy component for the sub-sector; and
(b) the graduated levy component for the person for the levy period and the sub-sector.
Note: For the graduated levy component, see section 11.
(2) The minimum levy component for each sub-sector is $100.
Note 1: The total amount of levy worked out under subsection (1) across all members of the sub-sector for the levy period will not cause the sub-sector levy cap for the levy period and the sub-sector to be exceeded (see paragraph (b) of the definition of sub-sector costs in subsection 11(1)).
Note 2: That total amount of levy will also not cause the scheme levy cap to be exceeded because the scheme levy cap will always exceed the sum of the sub-sector levy caps (see subsection 17(2) of the Act) for the sub-sectors prescribed in section 6 of this instrument.