54Interpretation of Part 8

54 Interpretation of Part 8

In this Part, unless the contrary intention appears –

adjustment rate, in relation to a year, means, subject to section 60(2) , the rate calculated in accordance with section 60 for that year;

costs of administration means the costs referred to in section 55(6)(b)(v) ;

March quarter, in relation to a year, means January, February and March of that year;

year, for the purposes of calculating the adjustment rate for a year, means –

(a) the period of 12 months commencing on 1 July 2023; or

(b) a subsequent period of 12 months commencing on 1 July.