Document ID: chunk:federal_register_of_legislation:C2025C00162:clause:1a_1204
Version: federal_register_of_legislation:C2025C00162
Segment Type: clause
Provision Reference: sch 1A cl 1204
Character Range: 2511130–2512413

1204  Adjustment of benefit AVLs
 (1) This Act has effect as if, on 1 July each year, the amount worked out in accordance with the following formula were substituted for the benefit "single" non‑homeowner AVL:
where:
benefit "partnered" (item 3) homeowner AVL is the current figure, as at that 1 July, for the benefit "partnered" (item 3) homeowner AVL.
benefit "partnered" (item 3) non‑homeowner AVL is the current figure, as at that 1 July, for the benefit "partnered" (item 3) non‑homeowner AVL.
benefit "single" homeowner AVL is the current figure, as at that 1 July, for the benefit "single" homeowner AVL.
 (2) This Act has effect as if, on 1 July each year, the amount worked out in accordance with the following formula were substituted for the benefit "partnered" (item 2) homeowner AVL:
where:
benefit "partnered" (item 3) homeowner AVL is the current figure, as at that 1 July, for the benefit "partnered" (item 3) homeowner AVL.
 (3) This Act has effect as if, on 1 July each year, the amount worked out in accordance with the following formula were substituted for the benefit "partnered" (item 2) non‑homeowner AVL:
where:
benefit "partnered" (item 3) non‑homeowner AVL is the current figure, as at that 1 July, for the benefit "partnered" (item 3) non‑homeowner AVL.