Commonwealth Numbered Acts

MIGRATION (VISA APPLICATION) CHARGE ACT 1997 No. 26, 1997 - SECT 5

(1) The charge limit in relation to a visa application made during the
financial year beginning on 1 July 1996 is $12,500.

(2) The charge limit for a later financial year is calculated by multiplying
the charge limit for the financial year before the later year by the greater
of 1.0 or the indexation factor worked out using the following formula:
Sum of the index numbers for the CPI quarters for the
12 months ending on 32 December before the later year
Sum of the index numbers for the CPI quarters for the
12 months ending on the previous 31 December where:
CPI quarter means a period of 3 months ending on 31 March, 30ÊJune, 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.

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

(4) Calculations under subsection (2):

   (a)  are to be made using only the index numbers published in terms of
        their most recently published reference base for the Consumer Price
        Index; and

   (b)  are to disregard indexation numbers that are published in substitution
        for previously published index numbers (where the substituted numbers
        are published to take account of changes in the reference base).

(5) 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.

[Minister's second reading speech made in-
House of Representatives on 16 October 1996
Senate on 5 February 1997]