Document ID: chunk:federal_register_of_legislation:C2025C00130:section:20a:p1
Version: federal_register_of_legislation:C2025C00130
Segment Type: section
Provision Reference: s 20A (pt 1/2)
Character Range: 72308–75033

20A  Indexed estimates
 (1) The Secretary may calculate an indexed estimate for an individual under subsection (5), with a start day chosen by the Secretary, if:
 (a) the individual is a claimant, or the partner of a claimant, for family tax benefit; and
 (b) a determination is in force under which the claimant is entitled to be paid family tax benefit by instalment; and
 (c) the determination includes a determination of the claimant's rate of family tax benefit worked out on the basis of a reasonable estimate of the claimant's adjusted taxable income, an indexed estimate for the claimant or an indexed actual income for the claimant.
Note: Section 20C affects the meaning of paragraph (c) for members of couples.
 (2) If the Secretary calculates an indexed estimate for the individual, the Secretary may give the claimant a notice:
 (a) stating the indexed estimate for the individual; and
 (b) specifying the start day used in the Secretary's calculation (which must be at least 14 days after the day on which the notice is given).
 (3) The Secretary must not give a notice under subsection (2) stating an indexed estimate for the individual with a start day in an income year if the Secretary has already given a notice under subsection (2) stating an indexed estimate for that individual with a start day in the same income year.
 (4) A notice given to a claimant under subsection (2) stating an indexed estimate for an individual has no effect if, before the start day specified in the notice for the indexed estimate, the Secretary gives the claimant a notice under subsection 20B(2) stating an indexed actual income for the same individual. Any such notice under subsection 20B(2) must specify a start day that is no earlier than the start day specified in the superseded notice.
 (5) Calculate an indexed estimate (which may be nil) for the individual by multiplying the individual's current ATI number (see subsection (6)) by the indexation factor, rounding the result to the nearest dollar and rounding 50 cents upwards. The indexation factor is the greater of 1 and the factor worked out to 3 decimal places as follows (increasing the factor by 0.001 if it would, if worked out to 4 decimal places, end in a number greater than 4):

where:
AWE means the amount published by the Australian Statistician in a document titled "Average Weekly Earnings" under the headings "Average Weekly Earnings, Australia—Original—Persons—All employees total earnings" (or, if any of those change, in a replacement document or under replacement headings).
highest previous November means the November in which, of all the Novembers from November 2004 to the November before the most recent November (inclusive), AWE was the