SCHEDULES
SCHEDULE 7Qualifying Revenue: Supplementary Provisions
Part IIQualifying Revenue for purposes of Part III of this Act
Computation of qualifying revenue
1
1
It shall be the duty of the Authority to draw up, and from time to time review, a statement setting out the principles to be followed in ascertaining the qualifying revenue for any accounting period of a licence holder for the purposes of any provision of Part III of this Act.
2
A statement under this paragraph may set out different principles for persons holding different kinds of licences.
3
Before drawing up or revising a statement under this paragraph the Authority shall consult the Secretary of State and the Treasury.
4
The Authority shall—
a
publish the statement drawn up under this paragraph and every revision of that statement; and
b
transmit a copy of that statement, and every revision of it, to the Secretary of State;
and the Secretary of State shall lay copies of the statement and of every such revision before each House of Parliament.