Document ID: chunk:federal_register_of_legislation:C2025C00029:section:14:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 14 (pt 2/3)
Character Range: 7723942–7726614

in which she incurred the expenditure to acquire the shares.
 The amount Narina later pays for the call on the shares is indexed in accordance with subsection 960‑275(3) from the quarter in which she made that later payment.
Note 1: This subsection does not apply to shares or units you acquired before 16 August 1989: see section 960‑275 of the Income Tax (Transitional Provisions) Act 1997.
Note 2: This subsection does not apply to an amount paid after 11.45 am on 21 September 1999 or an amount paid in relation to a CGT asset acquired after that time: see section 114‑1.
 (4) However, you cannot index expenditure in the third element of the *cost base of a CGT asset (costs of ownership).
 (5) You work out the *indexation factor to 3 decimal places (rounding up if the fourth decimal place is 5 or more).
Example: If the factor is 1.102795, it would be rounded up to 1.103.
 (6) This section does not apply in relation to amounts mentioned in the provisions listed at items 8 to 12, or at item 14, in section 960‑265.
Note: For the indexation of those amounts, see sections 960‑285 and 960‑290.

960‑280  Index number
 (1) In most cases, the index number for a *quarter is the All Groups Consumer Price Index number (being the weighted average of the 8 capital cities) first published by the Australian Statistician for the quarter.

Car limit
 (2) For calculating the *car limit, the index number for a *quarter is the index number for the motor vehicle purchase sub‑group of the Consumer Price Index, being the weighted average of the 8 capital cities, first published by the Australian Statistician for the quarter.
 (3) If the Australian Statistician changes the index reference period for an *index number, only index numbers published in terms of the new index reference period are to be used after the change.

Genuine redundancy, early retirement schemes, pre‑1 July 88 funding credits
 (4) For calculating the amounts mentioned in the provisions listed at items 5, 6 and 7 in section 960‑265, the index number for a *quarter is the estimate of full‑time adult average weekly ordinary time earnings for the middle month of the quarter first published by the Australian Statistician in respect of that month.
 (5) Subsection (3) does not apply to the index numbers mentioned in subsection (4).

Exceptions
 (6) This section does not apply in relation to amounts mentioned in the provisions listed at items 8 to 12, or at item 14, in section 960‑265.
Note: For the indexation of those amounts, see sections 960‑285 and 960‑290.

960‑285  Indexation—superannuation and employment termination
 (1) This section applies in relation to the amounts listed at items