Commonwealth Numbered Acts

LOCAL GOVERNMENT (PERSONAL INCOME TAX SHARING) AMENDMENT ACT 1985 No. 55, 1985 - SECT 3

3. Section 3 of the Principal Act is amended-
(a) by inserting before the definition of "area" in sub-section (1) the
following definition:



" 'actual CPI factor for 1985' means the factor specified in a notice
published under sub-section 4C (4);";

   (b)  by omitting from sub-section (1) the definition of "base figure" and
        substituting the following definition:



" 'base figure' means-

   (a)  in relation to the year commencing on 1 July 1981 or any subsequent
        year (other than the year commencing on 1 July 1985)-an amount equal
        to 2% of the amount determined by the Commissioner under section 4A in
        respect of the year immediately preceding that year; and

   (b)  in relation to the year commencing on 1 July 1985-the amount
        ascertained in accordance with the formula A x B x 1.02 where-
A is the estimated CPI factor for 1985; and
B is the base figure for the year commencing on 1 July 1984;"; and

   (c)  by inserting after the definition of "company" in sub-section (1) the
        following definition:



" 'estimated CPI factor for 1985' means the factor specified in a notice
published under sub-section 4B (1);".