AUSTRALIAN PASSPORTS (APPLICATION FEES) ACT 2005 No. 6, 2005 - SECT 6 Indexation of maximum application fee
AUSTRALIAN PASSPORTS (APPLICATION FEES) ACT 2005 No. 6, 2005 - SECT 6
Indexation of maximum application fee- (1)
- The amount for the purposes of paragraph 5(2)(b) is worked out by multiplying the indexation factor for the financial year by the maximum amount of an application fee for an application made in the previous financial year.
- (2)
- If the indexation factor for the financial year is 1 or less, the maximum amount of an application fee for an application made in the financial year is the maximum amount for an application made in the previous financial year.
- (3)
- In this section:
- indexation factor for the financial year is the amount worked out, to 3
decimal places (rounding up if the fourth decimal place is 5 or more), by
using the formula:
where:
- index number is the All Groups Consumer Price Index number (being the
weighted average of the 8 capital cities) first published by the Australian
Statistician for the quarter.