Document ID: chunk:federal_register_of_legislation:C2025A00016:clause:4_321ab
Version: federal_register_of_legislation:C2025A00016
Segment Type: clause
Provision Reference: sch 4 cl 321AB
Character Range: 220148–222189

321AB  Indexation of amounts relating to electoral expenditure
 (1) This section applies to the dollar amounts (each of which is an indexable amount) mentioned in the following provisions:
 (a) the following definitions in section 302ALA:
 (i) definition of capped entity cap;
 (ii) definition of capped entity Divisional cap;
 (iii) definition of capped entity Senate base amount;
 (iv) definition of Divisional cap;
 (v) definition of Federal cap;
 (vi) definition of Senate base amount;
 (b) subparagraphs 302AQE(1)(b)(i), (ii) and (iii) and paragraph 302AQE(3)(b) (exceptions for campaign office accommodation);
 (c) paragraph 302AQF(b) (exception for design and printing costs for certain how‑to‑vote cards).
 (2) An indexable amount, for an indexation year whose indexation factor is greater than 1, is replaced by the amount worked out using the following formula:
 (3) A dollar amount worked out for the purposes of subsection (2) is to be rounded to the nearest $100 (rounding $50 or more upwards).
 (4) The indexation factor for an indexation year is the number worked out using the following formula:
 (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 September quarter 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 September quarter index numbers that are published in substitution for previously published September quarter index numbers (except where the substituted numbers are published to take account of changes in the index reference period).
 (7) In this section:
indexation year means each calendar year beginning on 1 January.
September quarter index number means the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Australian Statistician in respect of the 3 months ending on 30 September.