Document ID: chunk:federal_register_of_legislation:C2023A00028:clause:4_1
Version: federal_register_of_legislation:C2023A00028
Segment Type: clause
Provision Reference: sch 4 cl 1
Character Range: 15225–15635

1  At the end of section 45‑405 in Schedule 1
Add:

Reduced GDP adjustment for 2023‑24 income year
 (10) Despite subsections (3) and (6), if the current year is the 2023‑24 income year, then for the purposes of the formula in subsection (2) the GDP adjustment is 6%.
Note: This subsection will be repealed on 1 July 2028: see Part 2 of Schedule 4 to the Treasury Laws Amendment (2023 Measures No. 2) Act 2023.