Commonwealth Numbered Acts

IMMIGRATION (EDUCATION) CHARGE AMENDMENT ACT 1995 No. 113 of 1995 - SECT 3

3.(1) Section 6 of the Principal Act is amended:
(a) by omitting "$4,080" and substituting "the applicable charge limit";

   (b)  by adding at the end:

"(2) The applicable charge limit in relation to an application made during a
financial year starting on or after 1 July 1995 is, subject to subsection (3),
the amount worked out under the formula:
                   new CGFCE number   x   $4,280

base CGFCE number where:
'new CGFCE number' means the number worked out as follows:

   (a)  take the first set of Commonwealth Government Final Consumption
        Expenditure Implicit Price Deflators to be issued by the Department of
        Finance after 1 January in the previous financial year;

   (b)  find the number that relates to the period ending on 31 December in
        the previous financial year;

   (c)  that number is the new CGFCE number;
'base CGFCE number' means the number worked out as follows:

   (a)  take the first set of Commonwealth Government Final Consumption
        Expenditure Implicit Price Deflators to be issued by the Department of
        Finance after 1 January in the previous financial year;

   (b)  find the number that relates to the period ending on 31 December 1993;

   (c)  that number is the base CGFCE number.



"(3) If an amount worked out under the formula in subsection (2) is not a
multiple of $5, the amount is to be rounded as follows:

   (a)  if the amount exceeds the nearest lower multiple of $5 by $2.50 or
        more-round the amount up to the nearest higher multiple of $5;

   (b)  in any other case-round the amount down to the nearest lower multiple
        of $5.".

(2) The amendments made by subsection (1) apply to applications made on or
after the day on which this section commences.