Commonwealth Numbered Acts

AVIATION FUEL REVENUES (SPECIAL APPROPRIATION) ACT 1988 No. 54 of 1988 - SECT 5

5. (1) If the factor ascertained under subsection 6A (5) of the Excise Tariff
Act 1921 in relation to a relevant period commencing on or after 1 August 1988
is greater than one, then, subject to subsection (2), the relevant rate for
the period is:

   (a)  the rate, calculated to 3 decimal places, ascertained by multiplying
        the relevant rate at the end of the last preceding relevant period by
        the factor; or (b) if that rate would, if it were calculated to 4
        decimal places, end in a number greater than 4-the rate increased by
        0.001.

(2) If:

   (a)  an index number necessary for the calculation of the factor to be
        ascertained under subsection 6A (5) of the Excise Tariff Act 1921 in
        relation to a relevant period is not published by the Australian
        Statistician at least 5 days before the first day of the period; and

   (b)  the factor ascertained in relation to the period is greater than one;
        then:

   (c)  subsection (1) applies only in relation to the part of the period
        commencing on the fifth day after the day on which the index number is
        published; and

   (d)  the relevant rate for the part of the period to which subsection (1)
        does not apply is the relevant rate at the end of the last preceding
        period.