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ACIS ADMINISTRATION ACT 1999 - SECT 47

Secretary to work out unmodulated type E credit for each ACP

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

where:

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

"N" is the amount of type E investment by that ACP in the quarter concerned.

"P" is the total of the type E investment by that ACP in all relevant quarters preceding that quarter.

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


 



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