Document ID: chunk:federal_register_of_legislation:C2023C00393:clause:4_5
Version: federal_register_of_legislation:C2023C00393
Segment Type: clause
Provision Reference: sch 4 cl 5
Character Range: 342975–344197

5  Indexation of various amounts
(1) This item applies in relation to any of the following amounts (an unindexed amount), as specified in the Assistance Act as in force on the commencement day:
 (a) lower income threshold;
 (b) CCS hourly rate cap;
 (c) annual cap.
(2) The Assistance Act, as amended by this Act, applies, on and after the commencement day, in relation to an unindexed amount, as if the amount (the indexed amount) worked out as provided by subitem (3) were substituted for the unindexed amount.
(3) The indexed amount to be substituted is the amount that would have been substituted for the unindexed amount on 1 July 2018 under subclause 4(1) of Schedule 4 to the Assistance Act if:
 (a) Schedule 1 to this Act had commenced on 3 July 2017; and
 (b) the first indexation of the unindexed amount had taken place on 1 July 2018.
Note: For the indexation method provided by the Assistance Act in relation to these amounts, see items 18, 19 and 20 of the table in subclause 3(1) of Schedule 4 to the Assistance Act (as amended by this Act) and related provisions in Part 2 of Schedule 4 to that Act.
(4) The first indexation of an indexed amount after the commencement day is to take place on 1 July 2019.