33ACAdjustable amounts

#### 33AC Adjustable amounts 33AC Adjustable amounts > > (1) Each adjustable amount is to be adjusted for the year commencing on 1 July 2020, and each subsequent year, in accordance with this section. > > > (2) The adjustable amounts that are to apply for a year are to be calculated by multiplying the adjustable amounts that applied before any adjustment under this Division by A/B where— > > > > A is the CPI number for the March quarter in the year immediately preceding the year for which the amount is calculated. > > > > B is the CPI number for the March quarter of 2019. > > > > A/B is calculated to the nearest 3 decimal places (and a fourth decimal place of 5 is to be rounded up). > > > (3) An adjustable amount determined in accordance with this section is to be rounded to the nearest $1,000 (and an amount of $500 is to be rounded up). > > > (4) However, if the adjustable amount calculated for any year is less than the amount that applied for the previous year, then the amount for that previous year applies instead. > > **ch 2, pt 3, div 3 (ss 33AB–33AF):** Ins 2019 No 8, Sch 1 \[6\].