Document ID: chunk:federal_register_of_legislation:C2024C00866:section:5na
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 5NA
Character Range: 191288–192832

5NA  Indexation and rate adjustment definitions
 (1) In this Act, unless the contrary intention appears:
current figure, as at a particular time and in relation to an amount that is to be indexed or adjusted under Division 18 of Part IIIB, means:
 (a) if the amount has not yet been indexed or adjusted under Division 18 before that time—the amount; and
 (b) if the amount has been indexed or adjusted under Division 18 before that time—the amount most recently substituted for the amount under Division 18 before that time.
index number, in relation to a quarter, means the All Groups Consumer Price Index number that is the weighted average of the 8 capital cities and is published by the Australian Statistician in respect of that quarter.

Publication of substituted index numbers
 (2) Subject to subsection (3), if at any time (whether before or after the commencement of this section), the Australian Statistician publishes an index number for a quarter in substitution for an index number previously published by the Australian Statistician for that quarter, the publication of the later index number is to be disregarded for the purposes of this section.

Change to CPI index reference period
 (3) If at any time (whether before or after the commencement of this section) the Australian Statistician changes the index reference period for the Consumer Price Index, regard is to be had, for the purposes of applying this section after the changed index place, only to index numbers published in terms of the new index reference period.