Document ID: chunk:federal_register_of_legislation:C2006C00614:clause:1_3:p2
Version: federal_register_of_legislation:C2006C00614
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 2/2)
Character Range: 23248–24390

the rounding base, the indexed rate is the provisional indexed rate rounded up to the nearest multiple of the rounding base.

When first indexation is to take place

 (10) The first indexation of the rates specified in items 1, 2 and 3 of the table in subsection (1) is to take place on 20 September 2005.

 (11) Subsections 198D(2) and (3) also apply for the purposes of this section.

Definitions

 (12) In this section:

current figure, as at a particular time and in relation to a rate that is to be indexed under this section, means:
 (a) if the rate has not yet been indexed under this section before that time—the rate; and
 (b) if the rate has been indexed under this section before that time—the rate most recently substituted for the rate under this section before that time.

highest of a group of quarters, in relation to a group of quarters, means the quarter in that group that has the highest index number.

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