ELECTORAL ACT 1992 - SECT 215F Working out indexation for administrative expenditure

ELECTORAL ACT 1992 - SECT 215F

    (1)     The commissioner must declare a quarterly amount for a year for—

        (a)     section 215C (3), definition of "A", paragraph (b); and

        (b)     section 215E (2), definition of "A", paragraph (b).

    (2)     The quarterly amount is worked out as follows:

INS1 means the index number published for the September quarter in the preceding year.

INS2 means the index number published for the September quarter in the year immediately before the preceding year.

"P" means—

        (a)     for 2013—$5 000; and

        (b)     for a later year—the amount worked out under this subsection for the preceding year.

    (3)     However, if for a particular year the amount under subsection (2) is less than P, the amount for the year is P.

    (4)     The quarterly amount, and each number used to work out the quarterly amount under subsection (2), must be worked out—

        (a)     if the amount or number, if worked out to 3 decimal places, would end with a number greater than 4—to 2 decimal places and increased by 0.01; or

        (b)     in any other case—worked out to 2 decimal places.

    (5)     If the Australian statistician publishes an index number for a quarter in substitution for an index number previously published for that quarter, the commissioner must disregard the publication of the later index number for this section.

    (6)     However, if the Australian statistician changes the reference base for the consumer price index, then, in applying this section after the change, the commissioner must have regard only to index numbers published in terms of the new reference base.

    (7)     A declaration is a notifiable instrument.

Note     A notifiable instrument must be notified under the Legislation Act

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