Document ID: chunk:federal_register_of_legislation:F2016C00619:clause:1_1
Version: federal_register_of_legislation:F2016C00619
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 21444–22409

1  Formula
 (1) The amount of the increase of each charge that is to occur on each 1 July, as mentioned in section 3A, is the amount determined in accordance with the following formula, expressed as a percentage of the charge that was applicable immediately before that 1 July:
where:
RA means the Rural Arterial Road Expenditure adjustment factor that applies for that 1 July (see clause 5).
RL means the Rural Local Road Expenditure adjustment factor that applies for that 1 July (see clause 5).
UA means the Urban Arterial Road Expenditure adjustment factor that applies for that 1 July (see clause 5).
UL means the Urban Local Road Expenditure adjustment factor that applies for that 1 July (see clause 5).

Rounding
 (2) The amount determined under subclause (1) is to be rounded up or down to one decimal place (rounding an amount of 0.05 percentage points upwards).
Example: An amount of 3.55 percentage points would be rounded up to 3.6 percentage points.