Document ID: chunk:federal_register_of_legislation:C2009A00081:clause:5_198zd
Version: federal_register_of_legislation:C2009A00081
Segment Type: clause
Provision Reference: sch 5 cl 198ZD
Character Range: 142018–142913

198ZD  Increase of 1% on 1 July 2011
  This Act has effect as if, on 1 July 2011:
 (a) the amount specified in paragraph 30(1)(b) were increased by 1% of the sum of:
 (i) the amount worked out under paragraph 30(1)(a) on that day; and
 (ii) the amount specified in paragraph 30(1)(b) on that day apart from this section; and
 (iii) the amount specified in paragraph 30(1)(c) on that day; and
 (b) if the amount resulting from paragraph (a) is not a multiple of $0.10, rounding the amount up or down to the nearest multiple of $0.10 (rounding up if the 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 198ZE take account of this brought forward increase.