8Adjustment of prescribed rate

#### 8 Adjustment of prescribed rate 8 Adjustment of prescribed rate > > (1) The amendments made by the [State Revenue Legislation Further Amendment Act 2012](/view/html/repealed/current/act-2012-076) apply in respect of the adjustment of the prescribed rate on any operative date occurring in or after 2013. > > > (2) For the purpose of calculating the adjustment percentage under clause 2 of Schedule 2 for an operative date in 2013: > > > > > (a) the amount calculated as p(L) is to be adjusted to include the percentage change in average weekly earnings for employees for New South Wales from the September quarter of 2011 to the December quarter of 2011, determined by reference to the group of amounts set out in relation to males, for New South Wales, in the series of Average Weekly Earnings (Original), issued by the Australian Statistician, and > > > > > (b) the amount calculated as p(I) is to be adjusted to include the percentage change in the price of goods and services from the September quarter of 2011 to the December quarter of 2011, determined by reference to the group of numbers set out as index numbers for Sydney in the Consumer Price Index (All Groups Index) issued by the Australian Statistician. > > > (3) Clause 2 (4) of Schedule 2 applies in respect of the amounts or numbers referred to in subclause (2) in the same way as it applies to the amounts or numbers referred to in that Schedule. > > > (4) This clause does not affect clause 2 (7) or 3 of Schedule 2.