Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The charge limit for a registration application made in the financial year ending at the end of 30 June 2002 is $1,800.
(2) Work out the charge limit for a registration application made in a later financial year by:
(a) multiplying the charge limit for the immediately preceding financial year by the greater of:
(i) the indexation factor worked out using the formula in subsection ( 3); and
(ii) 1.0; and
(b) rounding the product to the nearest multiple of $5 (rounding an odd multiple of $2.50 to the next higher multiple of $5).
(3) The formula for the indexation factor is:
where:
"CPI quarter" means a period of 3 months ending on 31 March, 30 June, 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.
(4) The indexation factor is to be calculated to 3 decimal places, but increased by .001 if the 4th decimal place is more than 4.
(5) When working out the indexation factor:
(a) use only the index numbers published in terms of the most recently published index reference period for the Consumer Price Index; and
(b) disregard index numbers published in substitution for previously published index numbers (except where the substituted numbers are published to take account of changes in the index reference period ).