Document ID: chunk:federal_register_of_legislation:F2018L01290:reg:9
Version: federal_register_of_legislation:F2018L01290
Segment Type: reg
Provision Reference: reg 9
Character Range: 5619–8155

9  Indexation of fees

Indexation
 (1) The amount of a fee mentioned in the table in section 6 is indexed on each indexation day in accordance with this section. The indexation days are:
 (a) 1 January 2019; and
 (b) each later 1 January.

Indexation method
 (2) Subsections (3) to (7) explain how to work out the amount (the indexed amount) of the fee for the calendar year (the current calendar year) starting on an indexation day.
 (3) The indexed amount of the fee is worked out in accordance with the following formula, subject to subsection (7):
where:
indexation factor, for the indexation day, means the number worked out by dividing:
 (a) the sum of the index numbers for the quarters of the 12 month period (the reference year) ending on 30 September immediately before the indexation day; by
 (b) the sum of the index numbers for the quarters of the 12 month period ending on 30 September in the year immediately before the reference year.
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.
quarter means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.
 (4) The indexation factor is to be worked out to 3 decimal places (rounding up if the fourth decimal place is 5 or more).
 (5) The indexed amount is to be rounded to the nearest whole dollar (rounding 50 cents upwards).
 (6) The indexed amount is to be worked out:
 (a) using only the index numbers published in terms of the most recently published index reference period for the Consumer Price Index; and
 (b) disregarding index numbers that are published more than 2 weeks after the original publication in substitution for previously published index numbers (except where the substituted numbers are published to take account of changes in the index reference period).

Indexation method to be used only to increase fees
 (7) If the indexed amount as worked out under subsections (3) to (6) for the current calendar year would be less than the amount of the fee applying immediately before the indexation day, the indexed amount for the current calendar year is the same as the amount of the fee applying immediately before the indexation day.

Application of indexed amount
 (8) The indexed amount for a calendar year applies to consular acts performed on or after the indexation day in that calendar year, even if an application or request relating to the consular act was made before that day.