FIRST HOME SAVER ACCOUNTS ACT 2008 (REPEALED)

PART 4 - GOVERNMENT FHSA CONTRIBUTIONS  

Division 1 - Eligibility for and amount of a Government FHSA contribution  

SECTION 40   Indexation of Government FHSA contribution threshold  

40(1)    
The amount of the Government FHSA contribution threshold is indexed annually by:

(a) multiplying the amount for the 2008-09 financial year by its indexation factor; and

(b) rounding the result in paragraph (a) down to the nearest multiple of $ 500.

40(2)    
The Government FHSA contribution threshold is not indexed if its indexation factor is 1 or less.

40(3)    
The indexation factor is:

40(4)    
The indexation factor mentioned in subsection (3) is calculated to 3 decimal places (rounding up if the fourth decimal place is 5 or more).

40(5)    
The index number for a quarter is the estimate of full-time adult average weekly ordinary time earnings for the middle month of the quarter first published by the Australian Statistician for that month.