Document ID: chunk:federal_register_of_legislation:F2023L01635:reg:10:p2
Version: federal_register_of_legislation:F2023L01635
Segment Type: reg
Provision Reference: reg 10 (pt 2/2)
Character Range: 6549–7888

555 and 558 of the Act and paragraph 1(d) of Schedule 4 to the Act). If the ACMA affirms or varies the original decision under section 559 of the Act, an application may be made to the Administrative Appeals Tribunal for review of the decision (see section 562 of the Act).

Schedule 1 Calculation of previous financial year average GIC rate
(section 5)
  The previous financial year average GIC rate is the rate worked out as follows:
 Step 1 Use the formula:+

where:
Q1 means the average of the GIC rates that applied during the first quarter of the financial year that ended most recently before the day for which the rate is being worked out;
Q2 means the average of the GIC rates that applied during the second quarter of the financial year that ended most recently before the day for which the rate is being worked out;
Q3 means the average of the GIC rates that applied during the third quarter of the financial year that ended most recently before the day for which the rate is being worked out; and
Q4 means the average of the GIC rates that applied during the fourth quarter of the financial year that ended most recently before the day for which the rate is being worked out.
Step 2. Round the amount obtained using the formula in Step 1 to the second decimal place.
  Note:  For example, '0.005' should be rounded upwards.