Document ID: chunk:federal_register_of_legislation:C2017C00106:section:5:p13
Version: federal_register_of_legislation:C2017C00106
Segment Type: section
Provision Reference: s 5 (pt 13/24)
Character Range: 34925–37603

the Commonwealth grant and the State expenditure in respect of that grant year.

(9) Any financial adjustment arising from differences between the provisional Commonwealth grant and the Commonwealth grant, and between the provisional State expenditure and the State expenditure for the first or second grant year shall, except where otherwise agreed between the Commonwealth Minister and the State Minister, be effected in the following grant year.

(10) For the purposes of determining the Commonwealth grant and the State expenditure in respect of the second grant year there shall be taken into account any adjustments agreed by the Commonwealth Minister and the State Minister in respect of the preceding grant year.

(11) The provisional Commonwealth grant and the provisional State expenditure shall comprise—
    (i) in respect of the first grant year—an amount ascertained in accordance with the formula (x1a1) + y1 + z1; or
    (ii) in respect of the second grant year—an amount ascertained in accordance with the formula [(x2b1) a2] + y2 + z2,
where—
        (a) x1 and x2 are the Commonwealth bases or the State bases (as the case may be) in respect of the first and second grant years, respectively;
        (b) y1 and y2 are the amounts (if any) referred to in paragraph 13 (1) (b) or 14 (b) (as the case may be) in respect of the first and second grant years, respectively; and
        (c) z1 and z2 are the amounts of any additional Commonwealth financial assistance or eligible State expenditure referred to in clause 16 (as the case may be) in respect of the first and second grant years, respectively.

(12) The Commonwealth grant and the State expenditure shall comprise—
    (i) in respect of the first grant year—an amount ascertained in accordance with the formula (x1b1) + y1 + z1; or
    (ii) in respect of the second grant year—an amount ascertained in accordance with the formula [(x2b1) b2] + y2 + z2,
where—
    (a) x1 and x2 are the Commonwealth bases or the State bases (as the case may be) in respect of the first and second grant years, respectively;
    (b) y1 and y2 are the amounts (if any) referred to in paragraph 13 (1) (b) or 14 (b) (as the case may be) in respect of the first and second grant years, respectively; and
    (c) z1 and z2 are the amounts of any additional Commonwealth financial assistance or eligible State expenditure referred to in clause 16 (as the case may be) in respect of the first and second grant years, respectively.

18. (1) Subject to sub‑clause (4), the Commonwealth will provide financial assistance to the State in respect of each grant year following the second grant year of an amount equal to the sum of—