Document ID: chunk:federal_register_of_legislation:C2014A00009:clause:1_6a:p1
Version: federal_register_of_legislation:C2014A00009
Segment Type: clause
Provision Reference: sch 1 cl 6A (pt 1/2)
Character Range: 3663–6295

6A  Indexation of alcohol duty rates
 (1) If the indexation factor for an indexation day is greater than 1, each rate of duty set out in item 1, 2 or 3 of the Schedule (each alcohol duty rate) is, on that day, replaced by the rate of duty worked out using the formula:
Note: For indexation factor see subsection (3) and for indexation day see subsection (10).
 (2) The amount worked out under subsection (1) is to be rounded to the same number of decimal places as the alcohol duty rate was on the day before the indexation day (rounding up if the next decimal place is 5 or more).

Indexation factor
 (3) The indexation factor for an indexation day is the number worked out using the formula:
Note: For index number, reference quarter and base quarter see subsection (10).
 (4) The indexation factor is to be worked out to 3 decimal places (rounding up if the fourth decimal place is 5 or more).

Effect of delay in publication of index number
 (5) If the index number for the most recent reference quarter before the indexation day is published by the Statistician on a day (the publication day) that is not at least 5 days before the indexation day, then, despite subsection (1), any replacement of an alcohol duty rate under subsection (1) happens on the fifth day after the publication day.

Effect of Excise Tariff alteration
 (6) If an Excise Tariff alteration proposed in the Parliament proposes to substitute, on and after a particular day, a rate for an alcohol duty rate, treat that substitution as having had effect on and after that day for the purposes of this section.

Changes to CPI index reference period and publication of substituted index numbers
 (7) Amounts are to be worked out under this section:
 (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 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).

Application of replacement rate
 (8) If an alcohol duty rate is replaced under this section on a particular day, the replacement rate applies in relation to goods entered for home consumption on or after that day.

Publication of replacement rate
 (9) The CEO must, on or as soon as practicable after the day an alcohol duty rate is replaced under this section, publish a notice in the Gazette advertising the replacement rate and the goods it applies to.

Definitions
 (10) In this section:
base quarter means the June quarter or December quarter that has the