Commonwealth Numbered Acts

LOCAL GOVERNMENT (PERSONAL INCOME TAX SHARING) AMENDMENT ACT 1985 No. 55, 1985 - SECT 5

5. After section 4A of the Principal Act the following sections are inserted:
Determination of estimated CPI factor for 1985

"4B. (1) The Treasurer shall, before 31 August 1985, cause to be published in
the Gazette a notice specifying the factor, being a number calculated to 3
decimal places, that, in the Treasurer's opinion, is a reasonable estimate of
the factor to be ascertained under sub-section 4C (5).

"(2) The Treasurer shall cause a copy of a notice published under sub-section
(1) to be given to the Treasurer of each State. Determination of actual CPI
factor for 1985

"4C. (1) In this section-
'index number', in relation to a quarter, means the All Groups Consumer Price
Index number, being the weighted average of the 6 State capital cities,
published by the Statistician in respect of that quarter;
'Statistician' means the Australian Statistician.



"(2) Subject to sub-section (3), if at any time, whether before or after the
commencement of this section, the Statistician has published or publishes an
index number in respect of a quarter in substitution for an index number
previously published by the Statistician in respect of that quarter, the
publication of the later index number shall be disregarded for the purposes of
this section.

"(3) If at any time, whether before or after the commencement of this section,
the Statistician has changed or changes the reference base for the Consumer
Price Index, then, for the purposes of the application of this section after
the change took place or takes place, regard shall be had only to index
numbers published in terms of the new reference base.

"(4) The Treasurer shall, as soon as practicable after the Statistician
publishes an index number in respect of the March quarter in the year
commencing on 1 July 1985, cause to be published in the Gazette a notice
specifying the factor ascertained under sub-section (5).

"(5) The factor to be ascertained for the purposes of sub-section (4) is-

   (a)  the number, calculated to 3 decimal places, ascertained by dividing
        the sum of-

        (i)    the index number in respect of the March quarter in the year
               commencing on 1 July 1985; and

        (ii)   the index numbers in respect of the 3 quarters that immediately
               preceded that quarter,
by the sum of-

        (iii)  the index number in respect of the March quarter in the year
               commencing on 1 July 1984; and

        (iv)   the index numbers in respect of the 3 quarters that immediately
               preceded that quarter; or

   (b)  if the number so ascertained would, if it were calculated to 4 decimal
        places, end in a number greater than 4-the number so ascertained
        increased by 0.001.



"(6) The Treasurer shall cause a copy of a notice published under sub-section
(4) to be given to the Treasurer of each State.".