Document ID: chunk:federal_register_of_legislation:C2004A04077:section:5:p4
Version: federal_register_of_legislation:C2004A04077
Segment Type: section
Provision Reference: s 5 (pt 4/5)
Character Range: 36117–38773

for the purposes 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 ascertained, in relation to a relevant year, in accordance with subsection (5) is greater than 1, this Act has effect as if for each relevant rate there were substituted, on the first day of that year:

     (a) subject to paragraph (b)—a rate calculated by multiplying by that factor:

         (i) in a case to which subparagraph (ii) does not apply—the relevant rate; or

         (ii) if, by virtue of another application or several other applications of this section, this Act has had effect as if another rate were 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 rate so calculated (in this paragraph referred to as the 'calculated rate') is not a multiple of $0.10 per fortnight—a rate equal to:

         (i) if the calculated rate exceeds the next lower rate that is such a multiple by $0.05 or more per fortnight—the next higher rate that is such a multiple; or

         (ii) if the calculated rate exceeds the next lower rate that is such a multiple by less than $0.05 per fortnight—that next lower rate.

"(5) The factor to be ascertained for the purposes of subsection (4) in relation to a relevant year:

     (a) is the number, calculated to 3 decimal places, ascertained by dividing:

         (i) if the relevant year commences on 20 September 1991— the index number for the last preceding June quarter; or

         (ii) if the relevant year commences on 20 September in a later year—the index number for the last preceding June quarter;

     by the highest index number in respect of a June quarter that preceded that quarter, not being a June quarter that occurred before the June quarter 1990; or

     (b) if the number so ascertained would, if it were calculated to 4 decimal places, end in a number greater than 4—is the number so ascertained increased by 0.001.

"(6) Where, by virtue 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 relevant year, the substitution, in so far as it affects instalments of allowances, has effect in relation to every instalment of such an allowance that falls due on or after the first day of that year.".

  Commencement: Day of Royal Assent

Provision of tax file numbers

28. Section 32aa of the Principal Act is amended by adding at the end the following subsections:

"(3) The Secretary may