Document ID: chunk:federal_register_of_legislation:C2006C00614:clause:1_3:p1
Version: federal_register_of_legislation:C2006C00614
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 1/2)
Character Range: 20400–23478

3                 Rate of utilities allowance under item 3, column 3 of the table in section 118OC (respite care couple)       (a)               (a)                                                     highest June or December quarter before reference quarter (but not earlier than June quarter 1991)  $0.40
                                                                                                                               20 March          December
                                                                                                                               (b)               (b)
                                                                                                                               20 September      June

Indexed rate substituted for the previous rate

 (2) If a rate is to be indexed under this section on an indexation day, this Act has effect as if the indexed rate were substituted for that rate on that day.

How to work out the indexed rate

 (3) This is how to work out the indexed rate for a rate that is to be indexed under this section on an indexation day:

      Method statement
           Step 1. Use subsections (4), (5) and (6) to work out the indexation factor for the rate on the indexation day.
           Step 2. Work out the current figure for the rate immediately before the indexation day.
           Step 3. Multiply the current figure by the indexation factor: the result is the provisional indexed rate.
           Step 4. Use subsections (7), (8) and (9) to round off the provisional indexed rate: the result is the indexed rate.
Note: For current figure see subsection (12).

Indexation factor

 (4) Subject to subsections (5) and (6), the indexation factor for a rate that is to be indexed under this section on an indexation day is:
worked out to 3 decimal places.

Note 1: For index number see subsection (12).

Note 2: For reference quarter and base quarter see the table in subsection (1).

 (5) If an indexation factor worked out under subsection (4) would, if it were worked out to 4 decimal places, end in a number that is greater than 4, the indexation factor is to be increased by 0.001.

 (6) If an indexation factor worked out under subsections (4) and (5) would be less than 1, the indexation factor is to be increased to 1.

Rounding

 (7) If a provisional indexed rate is a multiple of the rounding base, the provisional indexed rate becomes the indexed rate.

Note: For provisional indexed rate see step 3 in subsection (3).

 (8) Subject to subsection (9), if a provisional indexed rate is not a multiple of the rounding base, the indexed rate is the provisional indexed rate rounded up or down to the nearest multiple of the rounding base.

 (9) If a provisional indexed rate is not a multiple of the rounding base but is a multiple of half 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