Document ID: chunk:federal_register_of_legislation:C2025A00016:clause:3_321aa
Version: federal_register_of_legislation:C2025A00016
Segment Type: clause
Provision Reference: sch 3 cl 321AA
Character Range: 161513–163460

321AA  Indexation of disclosure threshold after a general election

Indexation of disclosure threshold

 (1) This section applies to the dollar amount (an indexable amount) specified in the definition of disclosure threshold in subsection 287(1).

 (2) If the indexation factor for the first 1 January after a general election (an indexation day) is greater than 1, the indexable amount is, on that day, replaced by the amount worked out using the following formula:
 (3) The amount worked out under subsection (2) is to be rounded to the nearest $100 (rounding $50 or more upwards).

Indexation factor
 (4) The indexation factor for an indexation day is the number worked out using the following formula:
Where:
base quarter means the September quarter 2 years before the indexation day.
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 in for that quarter.
reference quarter means the September quarter immediately before the indexation day.
September quarter means the 3 months ending on 30 September.
 (5) The indexation factor is to be calculated to 3 decimal places, but increased by 0.001 if the fourth decimal place is more than 4.
 (6) Calculations under subsection (4):
 (a) are to be made using only the index numbers published in terms of the most recently published index reference period for the Consumer Price Index; 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).
 (7) The Electoral Commissioner must, as soon as practicable after each indexation day, publish on the Electoral Commission's website the disclosure threshold. However, a failure by the Electoral Commissioner to do so does not invalidate the indexation.