CTHRepealedAct
ACIS Administration Act 1999
44Secretary to work out unmodulated type B credit for each MVP
Start here
Get a plain-English read of 44
Turn the raw legal text into a practical explanation grounded in ACIS Administration Act 1999.
#### 44 Secretary to work out unmodulated type B credit for each MVP
The Secretary must, as soon as practicable after an MVP provides a return to the Secretary in respect of a quarter, work out the unmodulated investment credit for the MVP for that quarter in relation to type B investment in accordance with the formula:

where:
> CA is the total amount of other Commonwealth assistance (if any) received by the MVP in relation to the type B investment referred to in component F of the formula and to the type B investment referred to in component G of the formula.
> F is the amount of type B investment undertaken by that MVP in the quarter concerned.
> G is the total of type B investment undertaken by that MVP in all the relevant quarters preceding that quarter.
> RQ is the total number of relevant quarters in relation to that quarter.