Document ID: chunk:federal_register_of_legislation:C2005A00006:section:6
Version: federal_register_of_legislation:C2005A00006
Segment Type: section
Provision Reference: s 6
Character Range: 3795–4674

6  Indexation of maximum application fee

 (1) The amount for the purposes of paragraph 5(2)(b) is worked out by multiplying the indexation factor for the financial year by the maximum amount of an application fee for an application made in the previous financial year.

 (2) If the indexation factor for the financial year is 1 or less, the maximum amount of an application fee for an application made in the financial year is the maximum amount for an application made in the previous financial year.

 (3) In this section:

indexation factor for the financial year is the amount worked out, to 3 decimal places (rounding up if the fourth decimal place is 5 or more), by using the formula:
where:

index number is 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.