Good question. The amounts are assessed twice a year but paid at...

Good question.

The amounts are assessed twice a year but paid at the second assessment. The second assessment is based on a share price relative to the first assessment. Meaning if the share price is still 48c on 30 June then there is no capital gain or loss for the second assessment so the total fee to be paid would only be $14M.

If the share price fell below 48c then any falls would offset the $14M. Any gains would add to the $14M.