Document ID: chunk:federal_register_of_legislation:C2017C00106:section:5:p15
Version: federal_register_of_legislation:C2017C00106
Segment Type: section
Provision Reference: s 5 (pt 15/24)
Character Range: 39825–42597

the sum of—
        (i) the amount that is—
            (A) where the grant year is the first succeeding grant year after the relevant grant year—the product of the adjustment factor and the amount of financial assistance paid to the State in the relevant grant year; or
            (B) where the grant year is the second succeeding grant year after the relevant grant year—the product of the adjustment factor and the amount calculated in accordance with sub‑sub‑paragraph (4) (a) (i) (A); and
        (ii) such other amounts as are agreed upon for the purposes of this sub‑paragraph by the Commonwealth Minister and the State Minister; and
    (b) the State will provide from its own resources and apply, or cause local governments and community organisations to provide from their own resources and apply, for expenditure in relation to approved projects in an amount equal to the sum of—
        (i) the amount that is—
            (A) where the grant year is the first succeeding grant year after the relevant grant year—the product of the adjustment factor and the amount expended by the State, local governments and community organisations in relation to the provision of approved projects in the relevant grant year; or
            (B) where the grant year is the second succeeding grant year after the relevant grant year—the product of the adjustment factor and the amount calculated in accordance with sub‑sub‑paragraph (4) (b) (i) (A); and
        (ii) such other amounts as are agreed upon for the purposes of this sub‑paragraph by the Commonwealth Minister and the State Minister.

(5) For the purposes of sub‑paragraphs (4) (a) (i) and (4) (b) (i), the adjustment factor in respect of each of the 2 grant years following the grant year during which the parties fail to agree is a number calculated in accordance with the formula—
where—
       (a)  is the movement between the month of March of the first preceding grant year and the month of March of the second preceding grant year in the index of hourly award rates of pay for adult wage earners for the Community Services Industry in the State as provided by the Australian Statistician in relation to the series entitled "Award Rates of Pay Indexes, Australia"; and
       (b)  is the movement between the March quarter of the first preceding grant year and the March quarter of the second preceding grant year in the All Groups Consumer Price Index Excluding Hospital and Medical Services for the State Capital City as provided by the Australian Statistician in relation to the series entitled "Consumer Price Index".

(6) Where the adjustment factor, as ascertained in accordance with sub‑clause (5), would, but for the operation of this sub‑clause, be less than one, that factor shall be taken to be