in subsection (1) shall be the amount which
in the circumstances of a particular case
would reasonably be expected to be agreed to
between the parties concerned were they
negotiating in the open market and at arm's
length.
(3) The licences or other permissions
referred to in subsection (1) are licences
or other permissions given by a licensee to
another person enabling that person, or any
other person who is specified in the licence
or permission or who is of a class or
description so specified, to broadcast,
rebroadcast, relay or otherwise transmit any
broadcasting material or to hire or
otherwise to supply to a third person any
such material for broadcasting,
rebroadcasting, relaying or otherwise
transmitting, or for any other purpose.
(4) A licensee shall make a payment to
the Director of Accounting Services of the
amount (if any) due on account of the royalty
payable by him under this section in respect
of a quarter beginning on the 1st day of
January, the 1st day of April, the 1st day of
July or the 1st day of October in any year.