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LOCAL GOVERNMENT (PERSONAL INCOME TAX SHARING) AMENDMENT ACT 1985 No. 55, 1985 - SECT 6

6. After section 5 of the Principal Act the following section is inserted:
Special provisions for year commencing on 1 July 1985

"5A. (1) If the actual CPI factor for 1985 exceeds the estimated CPI factor
for 1985, each State is entitled, in addition to the payment to which it is
entitled under sub-section 5 (2) in respect of the year commencing on 1 July
1985, to the payment, in respect of that year, by way of financial assistance
for local government purposes, of such percentage of the amount ascertained in
accordance with the formula A x B x 1.02 where-
A is the difference between those factors; and
B is the base figure for the year commencing on 1 July 1984, as is specified
in the table set out in sub-section 5 (2) opposite the name of the State.

"(2) In addition to the conditions contained in any other provision of this
Act, payment of an amount to a State under this Act is subject to the
condition that, if the actual CPI factor for 1985 is less than the estimated
CPI factor for 1985, the State will pay to the Commonwealth such percentage of
the amount ascertained in accordance with the formula A x B x 1.02 where-
A is the difference between those factors; and
B is the base figure for the year commencing on 1 July 1984, as is specified
in the table set out in sub-section 5 (2) opposite the name of the State.

"(3) Where a State is liable to pay an amount to the Commonwealth under
sub-section (2), the amount may be deducted from any other amount that is
payable to the State under this Act, and where an amount is so deducted, an
amount equal to that amount so deducted shall, notwithstanding the deduction,
be deemed, for the purposes of this Act, to have been paid in full to the
State.

"(4) An amount payable by a State to the Commonwealth under sub-section (2)
shall be paid on or before such date as the Minister, by notice in writing
given to the Treasurer of the State, determines.". 


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