South Australian Consolidated Regulations South Australian Consolidated Regulations12—Prescribed limits on costs—Provision of professional advice
(1) For the purposes
of section 42(4) of the Act, the following limits are prescribed in relation
to the indemnity provided by the Corporation for the costs of obtaining
professional advice in the event of redemption negotiations where the advice
is obtained up to and including 31 December 2000:
|
Item |
Limit |
|---|---|
|
Obtaining professional advice about the consequences of redemption |
$341 |
|
Obtaining financial advice about the investment or use of money received on
redemption |
$220. |
(2) The limits in
relation to the indemnity provided by the Corporation for the costs of
obtaining professional advice in the event of redemption negotiations where
the advice is obtained in the 2001 calendar year or a subsequent calendar year
are to be determined by adjusting the amounts prescribed by
subregulation (1) in accordance with subregulation (3).
(3) Subject to
subregulation (4), an amount prescribed by subregulation (1) will be
adjusted on an annual basis so that the adjusted amount will on 1 January 2001
and on 1 January of each subsequent year be an amount (calculated to the
nearest multiple of $10) that bears to the amount prescribed by
subregulation (1) the same proportion, subject to subregulation (5),
as the Consumer Price Index for the September quarter of the immediately
preceding year bears to the Consumer Price Index for the September quarter,
1998.
(4) In the application
of subregulation (3) the maximum amount for obtaining professional advice
about the consequences of redemption prescribed by subregulation (1) will
be taken to be $330 and not $341.
(5) For the purpose of
making the adjustment referred to in subregulation (3), the amount of the
Consumer Price Index for the September quarter, 2000, and for the September
quarter of each subsequent year will be reduced by the amount of the component
of the weighted average of the Consumer Price Index for the eight Australian
capital cities for the September quarter, 2000, that, in the opinion of the
Australian Bureau of Statistics, is attributable to the impact of the GST.
(6) If the Australian
Bureau of Statistics has not determined and published the amount of the
component referred to in subregulation (5) that is attributable to the
GST by 1 January 2001, the adjustment under subregulation (3) for
that year will be delayed until the amount has been published by the Bureau.