Commonwealth Numbered Acts

LOCAL GOVERNMENT (FINANCIAL ASSISTANCE) ACT 1995 No. 86, 1995 - SECT 8

8.(1) The Treasurer must, not later than 30 June in each year (the "current
year"), cause a factor in relation to the current year to be worked out by:

   (a)  calculating, to 4 decimal places, the factor obtained using the
        formula:
Adjusted current year grants
Adjusted previous year grants where:

"Adjusted current year grants" means:

        (i)    the sum of the financial assistance grants and the special
               revenue assistance grants to the States for the current year;
               or

        (ii)   if the Treasurer thinks that it is appropriate to increase or
               decrease that sum-the increased or decreased sum, as the case
               requires;

"Adjusted previous year grants" means:

        (i)    the sum of the financial assistance grants and the special
               revenue assistance grants to the States for the year
               immediately before the current year; or

        (ii)   if the Treasurer thinks that it is appropriate to increase or
               decrease that sum-the increased or decreased sum, as the case
               requires; and

   (b)  if the factor calculated under paragraph (a) would, if it were
        calculated to 5 decimal places, end in a number greater than
        4-increasing that factor by 0.0001.

(2) In making a decision under paragraph (1)(a) whether to increase or
decrease a sum, the Treasurer is to have regard to the following matters:

   (a)  underlying movements in general purpose Commonwealth payments to the
        States;

   (b)  changes to the classification of any relevant Commonwealth payments to
        the States;

   (c)  changes to the distribution of financial responsibilities as between
        the Commonwealth and the States;

   (d)  any other matters that the Treasurer thinks relevant.

(3) The Treasurer must, not later than 30 June in each year, cause to be given
to the Minister a written notice:

   (a)  setting out the factor worked out under subsection (1) in relation to
        the year; and

   (b)  explaining the basis on which the factor was worked out.

(4) The Minister must cause a copy of the notice to be given to the Treasurer
of each State.