Commonwealth Numbered Acts Commonwealth Numbered Acts(1) The total of the amounts that the Minister determines under subsection 67(2) for a year for block grant authorities must not exceed:
(a) for 2014--the base assistance amount worked out under subsection 84(2) of the Schools Assistance Act 2008 , if that subsection had applied for the year; and
(b) for any other year:
(i) the base assistance amount, as indexed under subsection (2) of this section; or
(ii) if the regulations prescribe another amount as the base assistance amount for the year for the purposes of this section--that other amount.
Indexing the base assistance amount
(2) The base assistance amount is indexed as follows:
(3) The indexation percentage is:
(a) 100%; or
(b) if the regulations prescribe another percentage (whether more or less than 100%) for the purposes of this paragraph--that percentage.
(4) Before the Governor-General makes regulations for the purposes of subsection (3), the Minister must consider changes in the following indexes:
(a) an index of building prices prescribed by the regulations;
(b) an index of wage costs prescribed by the regulations.
(5) If the base assistance amount worked out under subsection (2) for a year is not a multiple of $1,000, the amount is to be rounded to the nearest $1,000 (rounding $500 upwards).
Failure to comply with subsection (1)
(6) A failure to comply with subsection (1) does not affect the validity of a payment made as a result of a determination made under paragraph 28(1)(b) (Minister to determine timing and amounts of capital funding).
