Commonwealth Consolidated Acts

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MIGRATION AGENTS REGISTRATION APPLICATION CHARGE ACT 1997 - SECT 7

What is the charge limit?

(1) The charge limit for a registration application made in the financial year ending at the end of 30 June 2002 is $1,800.
(2) Work out the charge limit for a registration application made in a later financial year by:

(a)
multiplying the charge limit for the immediately preceding financial year by the greater of:
(i)
the indexation factor worked out using the formula in subsection (3); and
(ii)
1.0; and
(b)
rounding the product to the nearest multiple of $5 (rounding an odd multiple of $2.50 to the next higher multiple of $5).

(3) The formula for the indexation factor is:

where:

"CPI quarter" means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.

"index number" means the All Groups Consumer Price Index number (being the weighted average of the 8 capital cities) published by the Australian Statistician.

(4) The indexation factor is to be calculated to 3 decimal places, but increased by .001 if the 4th decimal place is more than 4.
(5) When working out the indexation factor:

(a)
use only the index numbers published in terms of the most recently published reference base for the Consumer Price Index; and
(b)
disregard index numbers published in substitution for previously published index numbers (except where the substituted numbers are published to take account of changes in the reference base).

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