Document ID: chunk:federal_register_of_legislation:C2016C00566:section:4:p1
Version: federal_register_of_legislation:C2016C00566
Segment Type: section
Provision Reference: s 4 (pt 1/2)
Character Range: 5508–8137

4  Definitions
 (1) In this Act:
base figure means:
 (a) in relation to the year beginning on 1 July 1995, the amount worked out using the formula:

where:
Initial amount has the meaning given by subsection (2).
           Relevant final factor means the final factor for the year; or
 (b) in relation to a later year (the current year), the amount worked out using the formula:

where:
           Previous year base figure means the base figure for the year immediately before the current year.
           Relevant final factor means the final factor for the current year.
 (2) In this Act, unless the contrary intention appears:
additional previous year funding amount, in relation to a State for a year (the current year) means:
 (a) if the current year is the year beginning on 1 July 1995:
 (i) in relation to a State other than the Australian Capital Territory—the amount that would have been payable to the State under section 10A of the repealed Act for the year immediately preceding the current year if the amount had been calculated using the final factor within the meaning of that Act for that preceding year instead of the estimated factor for that preceding year; or
 (ii)  in relation to the Australian Capital Territory—an amount determined by the Treasurer in writing; or
 (b) if the current year is a later year—the amount that would have been payable to the State under section 12 of this Act for the year immediately preceding the current year if the amount had been calculated using the final factor for that preceding year instead of the estimated factor for that preceding year.
estimated additional previous year funding amount, in relation to a State for a year, means the amount estimated under subsection 7(4) or (5), as the case may be, in relation to the State for the year.
estimated factor, in relation to a year, means the factor estimated under subsection 7(3) in relation to the year.
estimated initial amount means the amount estimated under subsection 7(1).
final factor, in relation to a year, means the factor worked out under section 8 in relation to the year.
initial amount means the sum of:
 (a) the amount that would have been the base figure under the repealed Act for the year that began on 1 July 1994 if that amount had been calculated using the final factor within the meaning of that Act for that year instead of the estimated factor; and
 (b) an amount determined by the Treasurer in writing to be the amount by which the amount referred to in paragraph (a) would have been increased if the Australian Capital Territory had been a State for the purposes of the repealed Act.