Document ID: chunk:federal_register_of_legislation:C2004A01258:clause:1_1070y
Version: federal_register_of_legislation:C2004A01258
Segment Type: clause
Provision Reference: sch 1 cl 1070Y
Character Range: 33967–35199

1070Y  Indexation of certain amounts for CPI increases before commencement

 (1) If any of the following (the pre‑indexation amount):
 (a) an amount in the table in any of sections 1070L to 1070R as inserted by the Social Security Amendment (Further Simplification) Act 2004 (ignoring this section);
 (b) the rent threshold amount in subsection 1070T(1) as so inserted;
would have been different, assuming the pre‑indexation amount had (ignoring subsection 1192(5)) been indexed on 20 September 2003 and 20 March 2004 under Division 2 of Part 3.16 of this Act as amended by that Act, then, for the purposes of this Act, the different amount is taken to have been substituted for the pre‑indexation amount in the table or subsection inserted by that Act.

Note: As a result of the normal operation of Division 2 of Part 3.16, the amounts will then continue to be indexed in line with CPI increases each 20 September and 20 March.

 (2) The Minister must arrange for a copy of the tables in sections 1070L to 1070R, and a statement of the rent threshold amount in subsection 1070T(1), as affected by subsection (1) of this section to be published in the Gazette as soon as reasonably practicable after the commencement of this Part.