{"id":"F2005B01563","name":"Indexation factor for working out Financial Supplement debts and accumulated Financial Supplement debts (April 2004)","slug":"indexation-factor-for-working-out-financial-supplement-debts-and-accumulated-financial-supplement-de","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":112007,"registerId":"commonwealth-F2005B01563-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Indexation factor for working out Financial Supplement debts and accumulated Financial Supplement debts (April 2004)","content":"AUSTRALIAN TAXATION OFFICE  \n\nSTUDENT ASSISTANCE ACT 1973\n\nIndexation factor for working out Financial Supplement debts and accumulated Financial Supplement debts  \n\n  \nI, ERIN KATHLEEN HOLLAND, as delegate of the Commissioner of Taxation, HEREBY NOTIFY, pursuant to subsection 12ZF(7A) of the Student Assistance Act 1973, that 1.024 is the indexation factor to be used for working out Financial Supplement debts and accumulated Financial Supplement debts on 1 June 2004.\n\nIn accordance with subsection 12ZF(6) of the Student Assistance Act 1973, the indexation factor is the number worked out to three decimal places using the formula:\n\nthe sum of the index number for the March 2004 quarter and the index numbers for the 3 immediately preceding quarters\n\ndivided by\n\nthe sum of the index number for the March 2003 quarter and the index numbers for the 3 immediately preceding quarters,\n\nwhere index number, in relation to a quarter, means the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Australian Statistician in respect of that quarter.\n\nIndexation factor for 1 June 2004 \\= Mar04+Dec03+Sep03+Jun03.\n\nMar03+Dec02+Sep02+Jun02\n\n\\= 144.1 + 142.8 + 142.1 + 141.3\n\n141.3 + 139.5 + 138.5 + 137.6\n\n\\= 570.3\n\n556.9\n\n\\= 1.024 (rounded to 3 decimal places)\n\nThe indexation factor is 1.024 and the effective percentage increase is 2.4%.\n\nDated this \\_\\_\\_\\_\\_\\_30th\\_\\_\\_\\_\\_\\_\\_ day of \\_\\_\\_April\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_ 2004\n\n\\_\\_\\_\\_\\_\\_\\_\\_signed by Erin Holland\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2466},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs its narrow, intended function of calculating the annual CPI indexation factor for Financial Supplement debts. The scope is strictly limited to the mathematical determination required by subsection 12ZF(7A) of the Student Assistance Act 1973."},"complexity_factors":["Single mathematical formula requiring four quarterly CPI inputs","Statutory rounding requirement to three decimal places","Technical terminology requiring knowledge of 'index number' and 'quarter' references"],"plain_english_summary":"This instrument sets the annual inflation (CPI) indexation for old Financial Supplement student loans at 2.4%, effective 1 June 2004. It affects anyone still repaying debts from the pre‑HELP Student Financial Supplement Scheme and preserves the real value of those historical loans."}},"importantCases":[],"_links":{"self":"/api/acts/indexation-factor-for-working-out-financial-supplement-debts-and-accumulated-financial-supplement-de","history":"/api/acts/indexation-factor-for-working-out-financial-supplement-debts-and-accumulated-financial-supplement-de/history","analysis":"/api/acts/indexation-factor-for-working-out-financial-supplement-debts-and-accumulated-financial-supplement-de/analysis","conflicts":"/api/acts/indexation-factor-for-working-out-financial-supplement-debts-and-accumulated-financial-supplement-de/conflicts","importantCases":"/api/acts/indexation-factor-for-working-out-financial-supplement-debts-and-accumulated-financial-supplement-de/important-cases","documents":"/api/acts/indexation-factor-for-working-out-financial-supplement-debts-and-accumulated-financial-supplement-de/documents"}}