Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to an amount (the base amount ) that is provided for in item 1, 2 or 3 of column 3 of the table in point SCH6 - E6.
(2) This Act has effect as if, on 1 July 2000, the base amount were replaced by an amount (the replacement amount ) worked out by:
(a) calculating the amount (the provisional replacement amount ) that is 2.5% greater than the base amount; and
(b) rounding off the provisional replacement amount in accordance with section 198M using a rounding base of $52.00.
(3) For the purposes of subsection (1), the base amount is to include any indexation that occurs on 1 July 2000 under Division 18 of Part IIIB.