FIRST HOME SAVER ACCOUNT PROVIDERS SUPERVISORY LEVY IMPOSITION ACT 2008 (REPEALED)
SECTION 8
CALCULATION OF INDEXATION FACTOR
8(1)
The indexation factor for a financial year is the number worked out by:
(a) dividing the index number for the March quarter immediately preceding that financial year by the index number for the March quarter immediately preceding that first-mentioned March quarter; and
(b) adding 0.030 to the number worked out under paragraph (a).
8(2)
The indexation factor is to be calculated to 3 decimal places, but increased by .001 if the 4th decimal place is more than 4.
8(3)
Calculations under paragraph (1)(a) are to be made:
(a) using only the index numbers published in terms of the most recently published reference base for the Consumer Price Index; and
(b) disregarding index numbers published in substitution for previously published index numbers (except where the substituted numbers are published to take account of changes in the reference base).
The indexation factor for a financial year is the number worked out by:
(a) dividing the index number for the March quarter immediately preceding that financial year by the index number for the March quarter immediately preceding that first-mentioned March quarter; and
(b) adding 0.030 to the number worked out under paragraph (a).
8(2)
The indexation factor is to be calculated to 3 decimal places, but increased by .001 if the 4th decimal place is more than 4.
8(3)
Calculations under paragraph (1)(a) are to be made:
(a) using only the index numbers published in terms of the most recently published reference base for the Consumer Price Index; and
(b) disregarding index numbers published in substitution for previously published index numbers (except where the substituted numbers are published to take account of changes in the reference base).
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.