Commonwealth Consolidated Acts

FEDERAL FINANCIAL RELATIONS ACT 2009 - SECT 8A

  (1)   The pool top - up for a payment year is worked out using this table:

 

Pool top - up for a payment year
Item	For this payment year:	The pool top - up is:
1	the 2020 - 21 payment year or an earlier payment year	$0
2	the 2021 - 22 payment year	$600 million
3	the 2022 - 23 payment year	the sum of: (a) $600 million; and (b) the first indexation amount for that payment year
4	the 2023 - 24 payment year	the sum of: (a) $600 million; and (b) the first indexation amount for that payment year
5	the 2024 - 25 payment year	the sum of: (a) $850 million; and (b) the first indexation amount for that payment year
6	the 2025 - 26 payment year or a later payment year	the sum of: (a) $850 million; and (b) the first indexation amount for that payment year; and (c) the second indexation amount for that payment year

  (2)   The first indexation amount for a payment year (the current year ) is the greater of:

  (a)   the amount worked out using the formula in subsection   (3); and

  (b)   if the current year is the 2023 - 24 payment year or a later payment year--the first indexation amount for the last payment year before the current year; and

  (c)   otherwise--$0.

  (3)   The formula for paragraph   (2)(a) is:

where:

"GST revenue for current year" is the GST revenue for the current year.

"GST revenue for 2021-22" is the GST revenue for the 2021 - 22 payment year.

  (4)   The second indexation amount for a payment year (the current year ) is the greater of:

  (a)   the amount worked out using the formula in subsection   (5); and

  (b)   if the current year is the 2026 - 27 payment year or a later payment year--the second indexation amount for the last payment year before the current year; and

  (c)   otherwise--$0.

  (5)   The formula for paragraph   (4)(a) is:

where:

"GST revenue for current year" is the GST revenue for the current year.

"GST revenue for 2024-25" is the GST revenue for the 2024 - 25 payment year.