Document ID: chunk:federal_register_of_legislation:C2024A00108:clause:1_33
Version: federal_register_of_legislation:C2024A00108
Segment Type: clause
Provision Reference: sch 1 cl 33
Character Range: 13908–15264

33  Subsection 1061ZZCH(3)
Repeal the subsection, substitute:
 (3) The CPI indexation factor for the test period is worked out using the following method statement:

               Method statement

           Step 1.  Work out the total of the index number for the March quarter in the later reference period and the index numbers for the 3 immediately preceding quarters.
           Step 2.  Work out the total of the index number for the March quarter in the earlier reference period and the index numbers for the 3 immediately preceding quarters.
           Step 3. The CPI indexation factor for the test period is the total under step 1 divided by the total under step 2, rounded to 3 decimal places.
 (3A) The WPI indexation factor for the test period is worked out using the following method statement:

               Method statement

           Step 1.  Work out the total of the index number for the March quarter in the later reference period and the index numbers for the 3 immediately preceding quarters.
           Step 2.  Work out the total of the index number for the March quarter in the earlier reference period and the index numbers for the 3 immediately preceding quarters.
           Step 3. The WPI indexation factor for the test period is the total under step 1 divided by the total under step 2, rounded to 3 decimal places.