Commonwealth Numbered Acts

FIRST HOME SAVER ACCOUNTS ACT 2008 (NO. 44, 2008) - SECT 40

             (1)  The amount of the Government FHSA contribution threshold is indexed annually by:

                     (a)  multiplying the amount for the 2008‑09 financial year by its indexation factor; and

                     (b)  rounding the result in paragraph (a) down to the nearest multiple of $500.

             (2)  The Government FHSA contribution threshold is not indexed if its indexation factor is 1 or less.

             (3)  The indexation factor is:

             (4)  The indexation factor mentioned in subsection (3) is calculated to 3 decimal places (rounding up if the fourth decimal place is 5 or more).

             (5)  The index number for a quarter is the estimate of full‑time adult average weekly ordinary time earnings for the middle month of the quarter first published by the Australian Statistician for that month.