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ELECTORAL ACT 1992 - SECT 205E Working out indexation for expenditure cap

ELECTORAL ACT 1992 - SECT 205E

Working out indexation for expenditure cap

    (1)     The commissioner must, not later than 1 December in a year, declare an amount for section 205D for the following year.

    (2)     The amount must be worked out as follows:

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"CPI percentage increase", for a year, means the annual percentage increase in the CPI from the September quarter of the previous year to the September quarter of the year the calculation is made.

"EC" means the expenditure cap for the year the calculation is made.

    (3)     If the calculation in subsection (2) results in a reduction of the expenditure cap, the amount declared must be the same amount as the expenditure cap in the previous year.

    (4)     If the calculation in subsection (2) results in an expenditure cap that is not a multiple of $5, the amount declared must be rounded up to the next whole dollar amount that is a multiple of 5.

    (5)     A declaration is a notifiable instrument.

Note     A notifiable instrument must be notified under the Legislation Act

.

    (6)     In this section:

"CPI "means the all groups consumer price index number, being the weighted average of the 8 capital cities, published by the Australian statistician.