Document ID: chunk:federal_register_of_legislation:C2010C00233:clause:9_199
Version: federal_register_of_legislation:C2010C00233
Segment Type: clause
Provision Reference: sch 9 cl 199
Character Range: 73612–74776

199  Subsections 69A(4) and (5)
Repeal the subsections, substitute:

 (4) The remaining lump sum payment, in relation to the lump sum payment paid under the agreement or order, means:
 (a) for the first day after the agreement is accepted or the order is made—the lump sum payment; and
 (b) for 1 July in a year of income (except if that 1 July is covered by paragraph (a))—the remaining lump sum payment for the previous day as indexed under subsection (5); and
 (c) otherwise—so much of the remaining lump sum payment as remains after crediting under the previous application of this section.

 (5) The remaining lump sum payment, for 1 July in a year of income, is indexed as follows:
where:

base quarter means the March quarter (before the March quarter for the previous year of income, but after the agreement is accepted or the order is made) with the highest index number.

indexation factor means:

index number for a quarter is the All Groups Consumer Price Index number that is the weighted average of the 8 capital cities and is published by the Australian Statistician in respect of that quarter.

March quarter means the quarter ending on 31 March.