Document ID: chunk:federal_register_of_legislation:F2024C00846:reg:47
Version: federal_register_of_legislation:F2024C00846
Segment Type: reg
Provision Reference: reg 47
Character Range: 106821–107948

47  Borrowing adjustment

Financial years ending before 1 July 2026
 (1) The borrowing adjustment, for a facility for a financial year that ends before 1 July 2026, is the number worked out using the following formula:
where:
BD is:
 (a) if a borrowing adjustment determination specifies a borrowing adjustment number for the facility for the financial year—that number; or
 (b) otherwise—0.
BDP is:
 (a) if a borrowing adjustment determination specified a borrowing adjustment number for the facility for the previous financial year—that number; or
 (b) otherwise—0.

Financial years beginning on or after 1 July 2026
 (2) The borrowing adjustment, for a facility for a financial year that begins on or after 1 July 2026, is the number worked out using the following formula:
where:
BD is:
 (a) if a borrowing adjustment determination specifies a borrowing adjustment number for the facility for the financial year—that number; or
 (b) otherwise—0.
BDP is:
 (a) if a borrowing adjustment determination specified a borrowing adjustment number for the facility for the previous financial year—that number; or
 (b) otherwise—0.