Document ID: chunk:federal_register_of_legislation:C2024C00866:section:198a:p2
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 198A (pt 2/2)
Character Range: 1833431–1834613

rate.
 (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 1990—the number, calculated to 3 decimal places, worked out by dividing the index number for the June quarter 1989 by the index number for the June quarter 1988;
 (b) in relation to each subsequent year—the number, calculated to 3 decimal places, worked out by dividing the index number for the last preceding June quarter by the highest index number in respect of an earlier June quarter, not being a June quarter that occurred before 1989; or
 (c) if the number worked out under paragraph (a) or (b) would, if it were calculated to 4 decimal places, end in a number greater than 4—the number so worked out increased by 0.001.
 (6) Where, because of the application of this section, this Act has effect as if another rate were substituted for a relevant rate on the first day of a year, the substitution, in so far as it affects instalments of pensions, benefits and allowances under this Act, has effect in relation to every instalment of such a pension, benefit or allowance that falls due on or after the first day of that year.