Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159gqd:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159GQD (pt 2/3)
Character Range: 1431362–1433717

bank bill rate) and the face or par value of the note; and
 (b) an example of an amount worked out wholly by reference to the amount of a price at a particular time is a redemption payment under a commodity linked security where the amount of the payment is the product of the prevailing price of a commodity (such as gold) and the face or par value of the security.

Assumption of continuing rate of change
 (7) If an amount payable is worked out to any extent by reference to the amount of change in an index or other thing that occurs during a period, it is to be assumed that the index or other thing will continue to change at the same rate as it did:
 (a) if the index or other thing was available at the end of the year of income—during the year of income; or
 (b) in any other case—during the period of 12 months in respect of which the index or other thing was last available in the year of income.

Example
 (8) An example for the purposes of subsection (7) is a payment whose amount is the product of the face or par value of a security and the percentage increase in the All Groups Consumer Price Index number (the CPI) during the year ending on 30 June 1995. If the year of income for which the implicit interest rate is being worked out is the 1993‑94 year of income and the CPI increases by 2% during the year ending on 31 March 1994 (the date of the last available number during the year of income), the CPI is assumed to increase by 2% during the year ending on 30 June 1995.

Disguised continuing rate of change case
 (9) For the purposes of subsection (7), if an amount payable is worked out to any extent by reference to the quotient of:
 (a) the amount or level of an index or other thing at a particular time; and
 (b) either:
 (i) the amount or level of the index or other thing at a different time; or
 (ii) another amount that, while not expressed to be the amount or level of the index or other thing at a different time, may reasonably be regarded as representing the amount or level of the index or other thing at a different time;
the amount payable is taken to be worked out to that extent by reference to the amount of change in the index or other thing that occurs during the period between the 2 times.

Example
 (10) An example for the purposes of subsection (9) is a payment under a security issued in December 1994 that