Document ID: chunk:federal_register_of_legislation:C2014A00098:clause:1_198faa
Version: federal_register_of_legislation:C2014A00098
Segment Type: clause
Provision Reference: sch 1 cl 198FAA
Character Range: 16333–17195

198FAA  Indexation of seniors health card income limit
 (1) This section applies to the dollar amount mentioned in column 3 of item 1, 2, 3 or 4 of the table in point 118ZZA‑11.
 (2) That dollar amount, for an indexation day on which the indexation factor is greater than 1, is replaced by the amount that is worked out using the following formula:
 (3) The indexation factor for an indexation day is the number worked out using the following formula:
 (4) The indexation factor is to be calculated to 3 decimal places, but increased by 0.001 if the fourth decimal place is more than 4.
 (5) If an amount worked out under subsection (2) is not a multiple of a dollar, the amount is to be rounded to the nearest multiple of a dollar (rounding up in the case of 50 cents).
 (6) In this section:
indexation day means 20 September 2014 and each later 20 September.