Document ID: chunk:federal_register_of_legislation:C2025C00125:section:106n:p2
Version: federal_register_of_legislation:C2025C00125
Segment Type: section
Provision Reference: s 106N (pt 2/3)
Character Range: 221930–224450

payment or payments made (otherwise than in discharge of an HEC assessment debt) on or after the earlier date and before the relevant date.
D is any amount, or the sum of any amounts, by which (whether as a result of an increase in the person's taxable income of a year of income or otherwise) any HEC assessment debt of the person is increased by an amendment of the relevant assessment made on or after the earlier date and before the relevant date; and
E is any amount, or the sum of any amounts, by which (whether as a result of a reduction in the person's taxable income of a year of income or otherwise) any HEC assessment debt of the person is reduced by an amendment of the relevant assessment made on or after the earlier date and before the relevant date.
 (4) For the purposes of subsection (3), an assessment or an amendment of an assessment is taken to have been made on the day specified in the notice of assessment or notice of amended assessment (as the case may be) as the date of that notice.
 (5) The factor to be used for the purposes of paragraph (2)(c) in calculating the accumulated HEC debt of a person at 1 June in a year is the number (calculated to 3 decimal places) worked out, as at the date on which the index number in respect of the March quarter immediately preceding that 1 June was first published, by dividing the sum of:
 (a) the index number in respect of that March quarter; and
 (b) the index numbers in respect of the 3 quarters that immediately preceded that quarter;
by the sum of:
 (c) the index number in respect of the March quarter immediately preceding 1 June in the year that next preceded that year; and
 (d) the index numbers in respect of the 3 quarters that immediately preceded that last‑mentioned quarter.
 (6) Subject to subsection (7), if at any time, whether before or after the commencement of this section, the Australian Statistician has published or publishes an index number in respect of a quarter in substitution for an index number previously published by the Australian Statistician in respect of that quarter, the publication of the later index number is to be disregarded for the purposes of this section.
 (7) If, at any time, whether before or after the commencement of this section, the Australian Statistician has changed or changes the reference base for the Consumer Price Index, then, for the purposes of the application of this section after the change took place or takes place, regard is to be had only to index numbers published in terms of