Document ID: chunk:federal_register_of_legislation:C2006C00154:clause:1_198fa:p1
Version: federal_register_of_legislation:C2006C00154
Segment Type: clause
Provision Reference: sch 1 cl 198FA (pt 1/2)
Character Range: 9820–12475

198FA  Indexation of Victoria Cross allowance

 (1) In this section, unless the contrary intention appears:

index number, in relation to a quarter, means the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Australian Statistician for that quarter.

relevant rate means the rate specified in subsection 103(4).

year to which this section applies means:
 (a) the year commencing on 20 September 2005; or
 (b) any later year commencing on 20 September.

 (2) Subject to subsection (3), 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.

 (3) 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 the new reference base.

 (4) Where the factor worked out under subsection (5) in relation to a relevant rate in relation to a year to which this section applies is greater than 1, this Act, and any Act that refers to this Act, have effect as if for that relevant rate there were substituted, on the first day of that year:
 (a) subject to paragraph (b)—the rate worked out by multiplying by that factor:
 (i) where subparagraph (ii) does not apply—the relevant rate; or
 (ii) if, because of another application or other applications of this section, this Act has had effect as if another rate was substituted, or other rates were successively substituted, for the relevant rate—the substituted rate or the last substituted rate, as the case may be; or
 (b) where the amount of the rate worked out under paragraph (a) is not a multiple of one dollar—a rate equal to that amount rounded up to the nearest multiple of one dollar.

 (5) The factor to be worked out for the purposes of subsection (4) in relation to a year to which this section applies is:
 (a) in relation to the year commencing on 20 September 2005—the number, calculated to 3 decimal places, worked out by dividing the index number for the June quarter 2005 by the index number for the June quarter 2004; or
 (b) in relation to each subsequent year—the number calculated to 3 decimal places, worked out by dividing