New South Wales Consolidated Regulations

ELECTRICITY SUPPLY (GENERAL) REGULATION 2001 - REG 73C

73C CPI adjustment to greenhouse penalty

(1) For the purposes of section 97CA (3) of the Act, the amount of the greenhouse penalty is to be adjusted, on and from 1 July in each year (commencing on 1 July 2004) by the following formula:

"P" is the amount of the adjusted penalty (rounded to the nearest 50 cents).
"M" is the greenhouse penalty specified for the year concerned in section 97CA (2) of the Act.
"A" is the sum of the consumer price index numbers for each quarter of the year previous to the year commencing on 1 July when the adjustment is to be made.
"B" is the sum of the consumer price index numbers for each quarter of the year commencing 1 July 2005.

(2) In this clause:
"consumer price index" has the same meaning as it has in section 97CA of the Act.