Document ID: chunk:federal_register_of_legislation:C2010C00246:clause:2_198j
Version: federal_register_of_legislation:C2010C00246
Segment Type: clause
Provision Reference: sch 2 cl 198J
Character Range: 59920–60622

198J  1 July 2000 increase in income test free area

 (1) This section applies to an amount (the base amount) that is provided for in item 1, 2 or 3 of column 3 of the table in point SCH6‑E6.

 (2) This Act has effect as if, on 1 July 2000, the base amount were replaced by an amount (the replacement amount) worked out by:
 (a) calculating the amount (the provisional replacement amount) that is 2.5% greater than the base amount; and
 (b) rounding off the provisional replacement amount in accordance with section 198M using a rounding base of $52.00.

 (3) For the purposes of subsection (1), the base amount is to include any indexation that occurs on 1 July 2000 under Division 18 of Part IIIB.