Commonwealth Consolidated Acts

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ACIS ADMINISTRATION ACT 1999 - SECT 50

Secretary to work out unmodulated type H credit for each ASP

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

where:

"CA" is the total amount of other Commonwealth assistance (if any) received by the ASP in relation to the type H investment referred to in component X of the formula and to the type H investment referred to in component Y of the formula.

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

"X" is the amount of type H investment by that ASP in the quarter concerned.

"Y" is the total of the type H investment by that ASP in all relevant quarters preceding that quarter.



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