Document ID: chunk:federal_register_of_legislation:F2025C00076:reg:119
Version: federal_register_of_legislation:F2025C00076
Segment Type: reg
Provision Reference: reg 119
Character Range: 163581–165636

119  Indexation of maximum daily accommodation charge
 (1) In this section:
earlier CPI number, for a financial year, means:
 (a) for the purpose of working out an amount under subsection 117(2):
 (i) the CPI number for the last March quarter before the beginning of the financial year (the most recent earlier CPI number); or
 (ii) if the CPI number for the March quarter of an earlier financial year that started on or after 1 July 1998 is higher than the most recent earlier CPI number—the higher CPI number; and
 (b) for the purpose of working out an amount under subsection 117(4):
 (i) the CPI number for the last March quarter before the beginning of the financial year (the most recent earlier CPI number); or
 (ii) if the CPI number for the March quarter of an earlier financial year that started on or after 1 July 2003 is higher than the most recent earlier CPI number—the higher CPI number.
indexed element means:
 (a) for the purpose of working out an amount under subsection 117(2)—the element X or Y referred to in that subsection; or
 (b) for the purpose of working out an amount under subsection 117(4)—the element A or B referred to in that subsection.
latest CPI number, for a financial year, means the CPI number for the March quarter in the financial year.
relevant amount, in a financial year, means the amount of the indexed element for the financial year.
Note: CPI number is defined in section 4.
 (2) For the purpose of working out an amount under subsection 117(2) for a financial year, if the latest CPI number is more than the earlier CPI number, the amount of each indexed element is increased on 1 July of the next financial year.
 (3) For the purpose of working out an amount under subsection 117(4) for a financial year, if the latest CPI number is more than the earlier CPI number, the amount of each indexed element is increased on 1 July of the next financial year.
 (4) The amount of the increased indexed element is the amount worked out in accordance with the formula:

Division 4—Financial hardship determinations