Indexation of threshold amount for excluded building work
3 Indexation of threshold amount for excluded building work
Sch. 1 cl. 3(1) amended by Nos 44/2014 s. 33(Sch. item 18(2)), 40/2016 s. 45.
The threshold amount that is to apply for the purposes of section 201RG(2)(b) in any financial year subsequent to the 2010/2011 financial year is to be determined in accordance with the following formula—
where—
TA is the threshold amount to be determined, rounded down to the nearest 2 decimal places;
PTA is the threshold amount determined in accordance with this clause that applied in the previous financial year;
A is the sum of the consumer price index numbers for—
the last reference period in the financial year 2 years earlier than the financial year in respect of which the threshold amount is being determined; and
each of the reference periods (other than the last) in the financial year immediately preceding the financial year in respect of which the threshold amount is being determined;
B is the sum of the consumer price index numbers for—
the last reference period in the financial year 3 years earlier than the financial year in respect of which the threshold amount is being determined; and
each of the reference periods (other than the last) in the financial year 2 years earlier than the financial year in respect of which the threshold amount is being determined.
Example to Sch. 1 cl. 3(1) repealed by No. 44/2014 s. 33(Sch. item 18(2)), new example to Sch. 1 cl. 3(1) inserted by No. 40/2016 s. 45(b).
Example
In the case that the reference periods are the quarterly periods of a financial year, the variables for the determination of the threshold amount for the 2016/2017 financial year are as follows—
• "PTA" is the threshold amount that applied in the 2015/2016 financial year;
• "A" is the sum of the consumer price index numbers for the June quarter in the 2014/2015 financial year and the September, December and March quarters in the 2015/2016 financial year;
• "B" is the sum of the consumer price index numbers for the June quarter in the 2013/2014 financial year and the September, December and March quarters in the 2014/2015 financial year.
The threshold amount determined under subclause (1) is to be rounded up or down to the nearest $10 (and, if the amount by which the amount to be rounded is $5, is to be rounded up).
Part 4––Maximum adjusted growth areas infrastructure contribution
Section 201SG(6)(b)
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.