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ACIS ADMINISTRATION ACT 1999 - SECT 45

Secretary to work out unmodulated type C 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 C 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 C investment referred to in component H of the formula and to the type C investment referred to in component J of the formula.

"H" is the amount of type C investment undertaken by that MVP in the quarter concerned.

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

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


 



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