COMMERCIAL BROADCASTING STATIONS LICENCE FEES.

No. 34 of 1942.

An Act to provide for Fees for Licences for Commercial Broadcasting Stations.

[Assented to 12th June, 1942.]

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1. This Act may be cited as the Commercial Broadcasting Stations Licence Fees Act 1942.

Commencement.

2. This Act shall commence on a date to be fixed by Proclamation.

Incorporation.

3. The Australian Broadcasting Act 1942 shall be incorporated and read as one with this Act.

Licence fee

4.—(1.) The fee payable in respect of a licence for a commercial broadcasting station granted or renewed under the Australian Broadcasting Act 1942 shall be—

(a) in respect of the first period for which the licence is granted—for each year or part of a year of the currency of the licence, Twenty-five pounds;

(b) in respect of any period for which the licence is renewed, where the operations of the station during the year ended the thirtieth day of June last preceding the date of commencement of that period did not result in a profit to the person operating the station—for each year or part of a year of the currency of the renewal. Twenty-five pounds; and

(c) in respect of any period for which the licence is renewed, where the operations of the station during the year ended the thirtieth day of June last preceding the date of commencement of that period have resulted in a profit to the person operating the station—for each year or part of a year of the currency of the renewal, Twenty-five pounds, plus one-half of one per centum of the gross earnings, from the operations of the station during the year so ended, of the person operating the station.

(2.) Where a licensee of a commercial broadcasting station has, with the leave of the Minister, adopted an accounting period being the twelve months ending on some day other than the thirtieth day of June, any reference in the last preceding sub-section to the thirtieth day of June shall, in relation to the licence for that station, be read as a reference to that other day.