Australian Capital Territory Numbered Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

FAIR TRADING (CONSUMER PRODUCT STANDARDS) REGULATIONS 2002 (NO 39 OF 2002) - REG 43

Indexed amount

    (1)     The indexed amount is the amount worked out in accordance with the formula:

2002-3901.jpg

    (2)     If, apart from this subregulation, the indexed amount under this regulation would be an amount of dollars and cents, the amount is to be rounded to the nearest 25 cents and, if the amount to be rounded is 12.5 cents, rounded up.

    (3)     If at any time the Australian Statistician publishes for a particular July quarter a CPI number in substitution for a CPI number previously published by the Australian Statistician for the quarter, the publication of the later CPI number is to be disregarded for this regulation.

    (4)     However, if at any time the Australian Statistician changes the reference base for the Consumer Price Index, then, in applying this regulation after the change is made, regard is to be had only to numbers published in terms of the new reference base.

    (5)     In this regulation:

"CPI number" means the All Groups Consumer Price Index number (that is the weighted average of the 8 capital cities) published by the Australian Statistician.

"earlier CPI number" means the CPI number for the July quarter in 1997.

"July quarter" means the 3 months starting on 1 July in a year.

"latest CPI number" means the CPI number for the July quarter in 2002.

Division 2.10     Laser pointers



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback