FIRST HOME SAVER ACCOUNT PROVIDERS SUPERVISORY LEVY IMPOSITION ACT 2008 (REPEALED)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).


 

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