Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) As soon as practicable after an amount is credited to the Special Account under section 41 in respect of a quarter (the current quarter ), the Commissioner of Taxation must, by notice published in the Gazette , declare that, for the purposes of this Part:
(a) a specified day in the quarter next following the current quarter is the allocation day for the current quarter; and
(b) a specified percentage is the allocation rate for the current quarter.
Note: To work out the allocation rate see section 47.
(2) The declaration has effect accordingly.