Document ID: chunk:federal_register_of_legislation:C2025C00136:section:32
Version: federal_register_of_legislation:C2025C00136
Segment Type: section
Provision Reference: s 32
Character Range: 36486–38675

32  AASL debt indexation factor
 (1) The AASL debt indexation factor for 1 June in a financial year is the number (rounded to 3 decimal places) that is the lower of the CPI indexation factor for 1 June in the financial year (see subsection (1A)) and the WPI indexation factor for 1 June in the financial year (see subsection (1B)).
 (1A) The CPI indexation factor for 1 June in a financial year is worked out using the following method statement:

               Method statement

           Step 1. Add:

                (a) the index number for the quarter ending on 31 March in that financial year; and
                (b) the index numbers for the 3 quarters that immediately preceded that quarter.

           Step 2.  Add:

                (a) the index number for the quarter ending on 31 March in the immediately preceding financial year; and
                (b) the index numbers for the 3 quarters that immediately preceded that quarter.

           Step 3. The CPI indexation factor for 1 June in the financial year is the amount under step 1 divided by the amount under step 2, rounded to 3 decimal places.
 (1B) The WPI indexation factor for 1 June in a financial year is worked out using the following method statement:

               Method statement

           Step 1. Add:

                (a) the WPI index number for the quarter ending on 31 March in that financial year; and
                (b) the WPI index numbers for the 3 quarters that immediately preceded that quarter.

           Step 2. Add:

                (a) the WPI index number for the quarter ending on 31 March in the immediately preceding financial year; and
                (b) the WPI index numbers for the 3 quarters that immediately preceded that quarter.

           Step 3. The *WPI indexation factor for 1 June in the financial year is the amount under step 1 divided by the amount under step 2, rounded to 3 decimal places.
 (2) For the purposes of rounding an AASL debt indexation factor, the third decimal place is rounded up if, apart from the rounding:
 (a) the factor would have 4 or more decimal places; and
 (b) the fourth decimal place would be a number greater than 4.