Document ID: chunk:federal_register_of_legislation:C2020A00060:clause:1_4
Version: federal_register_of_legislation:C2020A00060
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 2411–3025

4  Subsection 8(1)
Repeal the subsection, substitute:
 (1) The indexation factor for a financial year is the number worked out by:
 (a) ascertaining the index number for the most recent quarter for which the Australian Statistician has published an index number, as at the start of the day on which the Treasurer makes the first determination under subsection 7(3) of an amount or percentage for the financial year; and
 (b) dividing that index number by the index number for the quarter 12 months before the quarter mentioned in paragraph (a); and
 (c) adding 0.030 to the number worked out under paragraph (b).