Document ID: chunk:federal_register_of_legislation:C2020A00048:section:17a
Version: federal_register_of_legislation:C2020A00048
Segment Type: section
Provision Reference: s 17A
Character Range: 17842–18564

17A  Combined component cap
 (1) The sum of:
 (a) the base component for a month; and
 (b) the administrative cost component for that month;
must not exceed the combined component cap for that month.
 (2) For the purposes of this Act, the combined component cap for a month in the first eligible financial year is $7.10.
 (3) For the purposes of this Act, the combined component cap for a month in:
 (a) the second eligible financial year; or
 (b) a later eligible financial year;
is the amount calculated using the following formula:
where:
indexation factor means the indexation factor for the financial year.
previous combined component cap means the combined component cap for a month in the previous financial year.