Document ID: chunk:federal_register_of_legislation:C2022A00066:clause:1_5
Version: federal_register_of_legislation:C2022A00066
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 11726–12832

5                      equal to or above the fourth income (other rate) threshold and below the upper income (other rate) threshold  50%

 (4) If table item 2 applies, the individual's applicable percentage for the session of care is the lesser of:
 (a) 95%; and
 (b) the percentage worked out using the following formula and rounding the result to 2 decimal places:
 (5) If table item 4 applies, the individual's applicable percentage for the session of care is the percentage worked out using the following formula and rounding the result to 2 decimal places:
 (6) In this Act:
fourth income (other rate) threshold means the lower income (other rate) threshold plus $274,290.
lower income (other rate) threshold means $72,466.
Note: This amount is indexed annually in line with CPI increases (see Schedule 4).
second income (other rate) threshold means the lower income (other rate) threshold plus $105,000.
third income (other rate) threshold means the lower income (other rate) threshold plus $184,290.
upper income (other rate) threshold means the lower income (other rate) threshold plus $284,290.