Document ID: chunk:federal_register_of_legislation:F2015L00793:reg:8
Version: federal_register_of_legislation:F2015L00793
Segment Type: reg
Provision Reference: reg 8
Character Range: 2251–2860

8  Adjustment period—less than 12 months not within financial year
 (1) This section applies to an adjustment period of less than 12 months that begins in the financial year beginning on 1 July 2014 and ends in the financial year beginning on 1 July 2015.
 (2) For subregulation 45D(6) of the regulations, the method for working out the interest rate for the adjustment period is by using the formula:

  where:

d1 is the number of days in the adjustment period in the financial year beginning on 1 July 2014.
d2 is the number of days in the adjustment period in the financial year beginning on 1 July 2015.