Document ID: chunk:federal_register_of_legislation:C2009A00081:clause:5_198r
Version: federal_register_of_legislation:C2009A00081
Segment Type: clause
Provision Reference: sch 5 cl 198R
Character Range: 112797–113565

198R  Increase of 1% on 1 July 2011
  This Act has effect as if, on 1 July 2011, each base amount were replaced by an amount worked out by:
 (a) calculating the amount (the provisional replacement amount) that is 1% 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% increase includes the Carbon Pollution Reduction Scheme's estimated cost of living increase of 0.4% for the 2011‑2012 financial year, which has been brought forward. The changes to the indexation factors on or after 20 March 2012 under section 198T or 198U take account of this brought forward increase.