New South Wales Consolidated Acts

VICTIMS SUPPORT AND REHABILITATION ACT 1996 - SECT 80

80 CPI adjustments of compensation levy

(1) Starting at the end of the 2010-2011 financial year, each of the amounts of the levy payable under section 79 (1) is to be adjusted as provided by this section at the end of each financial year (the "current financial year") to provide a "new amount" for the next financial year. The new amount applies for the next financial year and replaces the amount that applied for the current financial year.

(2) The new amount for a financial year is to be calculated in accordance with the following formula:

"A" is the new amount being calculated.
"L" is the amount of the levy for the current financial year.
"B" is the Sydney CPI number for March in the current financial year.
"C" is the Sydney CPI number for March in the financial year before the current financial year.

(3) Before the end of each financial year (starting with the 2010-2011 financial year), the Minister is to publish a notice on the NSW legislation website of the amounts that are to apply for the purposes of section 79 for the next financial year. Failure to publish the notice or late publication of the notice does not affect the validity of an adjustment under this section.

Note: For notice published under this subsection, see Victims Support and Rehabilitation (Compensation Levy) Notice 2011 .

(4) If the amount calculated pursuant to an adjustment under this section as the new amount for a financial year is not a whole number of dollars, the amount is to be rounded up to the nearest whole dollar.

(5) If an adjustment under this section would result in the new amount for the next financial year being less than the amount for the current financial year, the new amount for the next financial year is to be the same as the amount for the current financial year.

(6) The new amount for a financial year is to be adjusted in accordance with the regulations if the Australian Statistician:

(a) stops issuing Sydney CPI numbers, or

(b) fails to issue a relevant Sydney CPI number before the start of the financial year for which the new amount is required to be calculated.

(7) It is to be presumed, in the absence of evidence to the contrary, that any amounts specified in a notice published under this section for a particular financial year are correct.

(8) In this section:
"financial year" means a year starting on 1 July.
"Sydney CPI number" means the Consumer Price Index (All Groups Index) for Sydney issued by the Australian Statistician.