Document ID: chunk:federal_register_of_legislation:F2024L00664:clause:1_865:p5
Version: federal_register_of_legislation:F2024L00664
Segment Type: clause
Provision Reference: sch 1 cl 865 (pt 5/8)
Character Range: 21860–24204

divide the result of (a) by 52
      3. round the result of (b) to the nearest cent.
Example:
If the employee has shown two dependent children at question 12:
WFT = ([4,027 × 2] + 43,846) ÷ 52
WFT = 998.0769 or $998.08 (rounded to the nearest cent)

Shading out point (SOP)

The SOP relative to an employee's WFT is calculated as follows:

Multiply WFT by 0.1 and divide the result by 0.0800. Ignore any cents in the result.
Example:
Employee has shown six dependent children at question 12 and scale 2 is applied:
WFT = ([4,027 × 6] + 43,846) ÷ 52
WFT = 1,307.8462 or $1,307.85 (rounded to the nearest cent)
SOP = (WFT × 0.1) ÷ 0.0800
SOP = ($1,307.85 × 0.1) ÷ 0.0800
SOP = 1,634.8125 or $1,634 (ignoring cents)

Weekly levy adjustment (WLA)

Where Scale 2 is applied

Where weekly earnings are $500 or more but less than the SOP, the WLA is derived by applying the weekly earnings (x) expressed in whole dollars plus an amount of 99 cents (refer to the section 'Working out the weekly earnings' in this schedule), in the following formulas:
    1. If x is less than $625, WLA = (x − 500) × 0.1
    2. If x is $625 or more but less than WFT, WLA = x × 0.0200
    3. If x is equal to or greater than WFT and less than the SOP, WLA =
         (WFT × 0.0200) − ([x − WFT] × 0.0800)

Where Scale 6 is applied

Where weekly earnings are $843 or more but less than the SOP, the WLA is derived by applying the weekly earnings (x) expressed in whole dollars plus an amount of 99 cents (refer to the section 'Working out the weekly earnings' in this schedule), in the following formulas:
    1. If x is less than $1,053, WLA = (x − 843.19) × 0.05
    2. If x is $1,053 or more but less than WFT, WLA = x × 0.0100
    3. If x is equal to or greater than WFT and less than the SOP, WLA =
         (WFT × 0.0100) − ([x − WFT] × 0.0400)
In each case, WLA should be rounded to the nearest dollar.

Values ending in 50 cents should be rounded to the next higher dollar.

Examples
Example 1:
Employee's weekly earnings are $535.33 and Scale 2 is applied.
x = 535.99
As x is less than $625, WLA is calculated using formula (1):
WLA = (535.99 − 500) × 0.1
  = 3.5990 or $4.00 (rounded to the nearest dollar)

Example 2:
Employee's weekly earnings are $1,064.25 and the number of children claimed at question 12 is three. Scale 6 is applied.
x = 1,064.99
  WFT