Document ID: chunk:federal_register_of_legislation:F2024C00896:reg:3
Version: federal_register_of_legislation:F2024C00896
Segment Type: reg
Provision Reference: reg 3
Character Range: 19928–21208

3                 Application for registration as a BAS agent                                                                                                                         $54 (subject to indexation under subsection (2))

Annual indexation of fees
 (2) On 1 July 2025 and each 1 July following that day (an indexation day), the dollar amount mentioned in an item of the table in subsection (1) is replaced by the amount worked out using the following formula:

 (3) The indexation factor for an indexation day is the number worked out using the following formula:

where:
index number, for a quarter, means the All Groups Consumer Price Index number (being the weighted average of the 8 capital cities) first published by the Australian Statistician for the quarter.
quarter means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.
 (4) An indexation factor is to be calculated to 3 decimal places (rounding up if the fourth decimal place is 5 or more).
 (5) If an indexation factor worked out under subsections (3) and (4) would be less than 1, that indexation factor is to be increased to 1.
 (6) Amounts worked out under subsection (2) are to be rounded to the nearest whole dollar (rounding 50 cents upwards).

Part 4—Investigations