Commonwealth Consolidated Acts(1) Subject to this section, the amount of the charge payable is $822.
(2) If the factor ascertained under subsection (3) in relation to a relevant year is greater than one, this Act has effect as if for the amount of the charge there were substituted, on the first day of that relevant year, an amount calculated by:
(a) multiplying by that factor:
(i) if subparagraph (ii) does not apply—$822; or
(ii) if, because of any other application of this section, this Act has effect as if another amount were substituted for the amount of the charge—the substituted amount; and
(b) if the product of that multiplication is an amount of dollars and cents—rounding the product to the nearest dollar (rounding 50 cents upwards).
(3) The factor for a relevant year is the number (calculated to 3 decimal places) worked out by dividing the index number for the March quarter immediately preceding that relevant year by the index number for the March quarter immediately preceding that first‑mentioned March quarter.
(4) If the factor worked out under subsection (3) in relation to a relevant year would, if it were calculated to 4 decimal places, end with a number greater than 4, the factor worked out under that subsection in relation to that relevant year is taken to be the factor calculated to 3 decimal places under that subsection and increased by 0.001.
(5) Subject to subsection (6), if at any time, whether before or after the commencement of this Act, the Australian Statistician has published or publishes an index number in respect of a quarter in substitution for an index number previously published by the Australian Statistician in respect of that quarter, the publication of the later index number is to be disregarded for the purposes of this section.
(6) If at any time, whether before or after the commencement of this section, the Australian Statistician has changed or changes the reference base for the Consumer Price Index, then, for the purposes of the application of this section after the change, regard is to be had only to the index numbers published in terms of the new reference base.
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