Document ID: chunk:federal_register_of_legislation:C2004A04149:body:0:p23
Version: federal_register_of_legislation:C2004A04149
Segment Type: other
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Character Range: 63426–66040

index number in respect of a quarter in substitution for an index number previously published by the Australian Statistician in respect of that quarter, the publication of the later index number is to be disregarded for the purpose of this section.

"(3) If at any time, whether before or after the commencement of this section, the Australian Statistician has changed or changes the reference base for the consumer price index, then, for the purposes of the application of this section after the change took place, or takes place, regard is to be had only to index numbers published in terms of the new reference base.

"(4) Where the factor worked out under subsection (5) in relation to a relevant rate in relation to a year to which this section applies is greater than 1, this Act, and any Act that refers to this Act, have effect as if for that relevant rate there were substituted, on the first day of that year:

    (a) subject to paragraph (b)—the rate worked out by multiplying by that factor:

         (i) where subparagraph (ii) does not apply—the relevant rate; or

         (ii) if, because of another application or other applications of this section, this Act has had effect as if another rate was substituted, or other rates were successively substituted, for the relevant rate—the substituted rate or the last substituted rate, as the case may be; or

    (b) where the amount of the rate worked out under paragraph (a) is not a multiple of 10 cents per fortnight—a rate equal to that amount rounded down to the nearest multiple of 10 cents.
SCHEDULE 3—continued

"(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 the year commencing on 20 September 1991 — the number, calculated to 3 decimal places, worked out by dividing the index number for the March quarter 1991 by the index number for the March quarter 1990; or

    (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 March quarter by the highest index number in respect of an earlier March quarter, not being a March quarter that occurred before 1991; 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 to which this section applies,