Document ID: chunk:federal_register_of_legislation:C2020A00061:clause:5_1
Version: federal_register_of_legislation:C2020A00061
Segment Type: clause
Provision Reference: sch 5 cl 1
Character Range: 18922–19327

1  At the end of section 45‑405 in Schedule 1
Add:

Nil GDP adjustment for 2020‑21 income year
 (8) Despite subsections (3) and (6), if the current year is the 2020‑21 income year, then for the purposes of the formula in subsection (2) the GDP adjustment is 0%.
Note: This subsection will be repealed on 1 July 2025: see Part 2 of Schedule 5 to the Treasury Laws Amendment (2020 Measures No. 3) Act 2020.