Document ID: chunk:federal_register_of_legislation:C2009A00081:clause:5_198zf
Version: federal_register_of_legislation:C2009A00081
Segment Type: clause
Provision Reference: sch 5 cl 198ZF
Character Range: 147550–148460

198ZF  Increase of 1.8% on 1 July 2012
  This Act has effect as if, on 1 July 2012:
 (a) the amount specified in paragraph 30(1)(b) were increased by 1.8% of the sum of:
 (i) the amount worked out under paragraph 30(1)(a) on that day; and
 (ii) the amount specified in paragraph 30(1)(b) on that day apart from this section; and
 (iii) the amount specified in paragraph 30(1)(c) on that day; and
 (b) if the amount resulting from paragraph (a) is not a multiple of $0.10, rounding the amount up or down to the nearest multiple of $0.10 (rounding up if the amount is a multiple of $0.05).
Note: The 1.8% increase includes the Carbon Pollution Reduction Scheme's estimated cost of living increase of 0.8% for the 2012‑2013 financial year, which has also been brought forward. The changes to the indexation factors on or after 20 March 2013 under section 198ZG take account of this 2nd brought forward increase.