Commonwealth Numbered Regulations Commonwealth Numbered Regulations
[1] Subregulation 19 (3), including the note
substitute
(3) An amount specified in an existing determination to which this regulation applies is to be indexed annually on 1 July, starting on 1 July 2009, using the following steps:
Step 1: Divide the highest March quarter index number by the base March quarter index number.
Step 2: Multiply the amount specified in the existing determination by the number worked out in Step 1.
(4) In this regulation:
"base March quarter index number" means the index number for the March quarter of 2008.
"highest March quarter index number" means the highest index number for a March quarter since the base March quarter index number (and including the base March quarter index number).
"index number" means, for a quarter, the All Groups Consumer Price Index number that is the weighted average of the 8 capital cities and is published by the Australian Statistician for that quarter.
(5) If at any time the Australian Statistician publishes an index number for a quarter in substitution for an index number previously published by the Australian Statistician for that quarter, the publication of the later index number is to be disregarded in applying subregulation (3).
(6) However, if at any time the Australian Statistician changes the reference base for the Consumer Price Index, in applying subregulation (3) after the change takes place, only the index numbers published in terms of the new reference base are to be used.
[2] Subregulation 26 (3), including the note
substitute
(3) Subregulations 19 (3) to (6) apply to the administrative assessment as if the review of the assessment by the Registrar were an existing determination to which those subregulations apply.