Commonwealth Numbered Acts

LOCAL GOVERNMENT (FINANCIAL ASSISTANCE) AMENDMENT ACT 1989 No. 62, 1989 - SECT 3

3. Section 3 of the Principal Act is amended:
(a) by omitting paragraph (bb) of the definition of "base figure" and
substituting the following paragraphs:

"(bb) in relation to the year beginning on 1 July 1989-the amount of $671
millions;

   (bc) in relation to the year beginning on 1 July 1990-the amount worked out
        using the formula:
where:
A is the adjusted base figure determined under subsection 7A (4);
B is the estimated factor for that year; or'';

   (b)  by omitting "1990" from paragraph (c) of the definition of "base
        figure" and substituting "1991";

   (c)  by inserting the following definitions:

" 'calculation quarter' means the June 1989 quarter, the September 1989
quarter, the December 1989 quarter, or the March 1990 quarter;
'index estimate' means:

   (a)  except where paragraph (b) applies-the sum of the index numbers, in
        respect of the calculation quarters, estimated by the Department of
        the Treasury in May 1989, being 786.5; or

   (b)  if the Statistician changes the reference base for the Consumer Price
        Index in relation to a calculation quarter, the number that the
        Treasurer determines would have been the sum of the index numbers, in
        respect of the calculation quarters, estimated by the Department of
        the Treasury in May 1989 if it had known the terms of the new
        reference base;
'index number', in relation to a quarter, means the All Groups Consumer Price
Index number, being the weighted average of the 8 capital cities, published by
the Statistician in respect of that quarter;".