Commonwealth Consolidated Acts

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ACIS ADMINISTRATION ACT 1999 - SECT 43

Secretary to work out unmodulated type A credit for each MVP

                   The Secretary must, as soon as practicable after an MVP provides a return to the Secretary in respect of a quarter, work out the unmodulated investment credit for the MVP for that quarter in relation to type A investment in accordance with the formula:

where:

"CA" is the total amount of other Commonwealth assistance (if any) received by the MVP in relation to the type A investment referred to in component D of the formula and to the type A investment referred to in component E of the formula.

"D" is the amount of type A investment undertaken by that MVP in the quarter concerned.

"E" is the total of type A investment undertaken by that MVP in all relevant quarters preceding that quarter.

"RQ" is the total number of relevant quarters in relation to that quarter.



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