## Commonwealth Numbered Regulations

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

###
BANKRUPTCY REGULATIONS 2021 (F2021L00261) - REG 114

**Indexation**
(1) If a provision of this instrument states that a dollar amount is to
be indexed in accordance with this section, then at the start of each
financial year (an *indexation year *) beginning on or after 1 July 2021,
the dollar amount is replaced by the amount worked out using the following
formula:

(2) The *indexation factor *for an indexation year is the number worked
out using the following formula:

where:

*"base quarter
" *means the last March quarter before the reference quarter.

* "index number
" *, for a quarter, means the All Groups Consumer Price Index number (being the
weighted average of the 8 capital cities) published by the Australian
Statistician for that quarter.

* "reference quarter
" *means the March quarter immediately before the indexation year.

(3) An indexation factor is to be calculated to 3 decimal places
(rounding up if the fourth decimal place is 5 or more).

(4) If an indexation factor worked out under subsection (2) would
be less than 1, that indexation factor is to be increased to 1.

(5) Calculations under subsection (2):

(a) are to be made using only the index numbers published in terms of
the most recently published index reference period; and

(b) are to be made disregarding index numbers that are 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).

**AustLII:** Copyright Policy
**|** Disclaimers
**|** Privacy Policy
**|** Feedback