(1) The minimum stock levy is—
(a) for a small landholding—nil; or
(b) in any other case—$40.
(2) In this section:
"small landholding" means—
(a) land of less than 10 hectares; or
(b) land that has a stock-carrying capacity of less than 50, worked out using a standard dry sheep equivalent measure based on a 50kg merino wether.