Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations
1 In this Schedule:
"CPI number" means the All Groups Consumer Price Index number (being the weighted average of the 8 Australian capital cities) published by the Australian Statistician.
"fee" means a fee specified in Schedule 1.
relevant period means any of the following periods:
(a) the 2 year period commencing on 1 July 2004;
(b) after that period -- each 2 year period commencing on a biennial anniversary of 1 July 2004.
2 If, in a relevant period, the latest CPI number is greater than the earlier CPI number, a fee is taken to increase, on 1 July immediately following the end of the period, in accordance with the formula:
where:
"earlier CPI number" is the CPI number for the last March quarter before the beginning of the relevant period.
"fee" is the fee in force during the relevant period.
"latest CPI number" is the CPI number for the last March quarter before the end of the relevant period.
3 If, apart from this clause, the amount of a fee increased under clause 2 would be an amount of dollars and cents, the amount is to be rounded to the nearest whole dollar and, if the amount to be rounded is 50 cents, rounded down.
4 Subject to clause 5, if at any time, whether before or after the commencement of these Regulations, the Australian Statistician publishes for a particular March quarter a CPI number in substitution for an index number previously published by the Australian Statistician for that quarter, the publication of the later index number is to be disregarded for the purposes of this Schedule.
5 If, at any time, whether before or after the commencement of these Regulations, the Australian Statistician changes the reference base for the Consumer Price Index, then, for the purposes of the application of this Schedule after the change is made, regard shall be had only to numbers published in terms of the new reference base.