Document ID: chunk:federal_register_of_legislation:C2009A00081:clause:5_198s
Version: federal_register_of_legislation:C2009A00081
Segment Type: clause
Provision Reference: sch 5 cl 198S
Character Range: 113565–114410

198S  Increase of 1.8% on 1 July 2012
  This Act has effect as if, on 1 July 2012, each base amount were replaced by an amount worked out by:
 (a) calculating the amount (the provisional replacement amount) that is 1.8% greater than the base amount; and
 (b) if the provisional replacement amount is not a multiple of $0.10, rounding up or down to the nearest multiple of $0.10 (rounding up if the provisional replacement amount is a multiple of $0.05).
Note: The 1.8% increase includes the Carbon Pollution Reduction Scheme's estimated cost of living increase of 0.8% for the 2012‑2013 financial year, which has also been brought forward. The changes to the indexation factors on or after 20 March 2013 under section 198V or 198W take account of this 2nd brought forward increase.

Subdivision C—Adjustment of indexation of disability pension