Commonwealth Numbered Acts

LOCAL GOVERNMENT (FINANCIAL ASSISTANCE) AMENDMENT ACT 1991 No. 78, 1991 - SECT 11

11. (1) Section 8 of the Principal Act is amended by omitting subsection (3)
and substituting the following subsection:

"(3) If an amount is payable to a State under subsection (1) in respect of a
year, nothing in this Act prevents that amount from being paid to the State
together with a payment to which the State is entitled under section 7 in
respect of the following year.".

(2) Section 8 of the Principal Act is amended:
(a) by omitting from subsection (1) all the words after "of the amount" and
substituting "calculated using the formula:
Final factor amount X Estimated factor amount where: `Final factor amount'
means the amount of the payment to which the State would have been entitled
under section 7 in respect of that year if the amount of that payment had been
calculated using the final factor for that year instead of the estimated
factor; `Estimated factor amount' means the amount of the payment to which the
State is entitled under section 7 in respect of that year.";

   (b)  by omitting from subsection (2) all the words after "Commonwealth the
        amount" and substituting "calculated using the formula:
Estimated factor amount X Final factor amount where: `Estimated factor amount'
means the amount of the payment to which the State is entitled under section 7
in respect of that year; `Final factor amount' means the amount of the payment
to which the State would have been entitled under section 7 in respect of that
year if the amount of that payment had been calculated using the final factor
for that year instead if the estimated factor.".