Document ID: chunk:federal_register_of_legislation:F2023L00819:clause:1_8
Version: federal_register_of_legislation:F2023L00819
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 4077–5369

8  Direction
Under section 95ZH of the Act, the Commission is directed to give special consideration, in exercising its powers and performing its functions, to the Government's policy that for each financial year, over the period in which this instrument applies, the total revenue-weighted percentage increase in prices (including new or restricted prices):
 (a) for the provision of aeronautical services and facilities that are declared to be notified services by the Competition and Consumer (Price Notifications—Aeronautical Services to NSW Regional Airlines) Declaration 2023; and
 (b) that are paid by operators of regular public transport air services operating wholly within the State of New South Wales; and
 (c) that are paid to Sydney Airport Corporation Limited (ABN 62 082 578 809);
should not exceed the percentage by which the sum of the index numbers for the quarters of the 12 month period (the reference year) ending on 31 March immediately before the start of the financial year is greater than the sum of the index numbers for the quarters of the 12 month period ending on 31 March in the year immediately before the reference year.
Note: The percentage increase between the sums of index numbers represents the inflation rate for the relevant year.

Part 3—Application