Document ID: chunk:federal_register_of_legislation:F2022L01728:reg:8
Version: federal_register_of_legislation:F2022L01728
Segment Type: reg
Provision Reference: reg 8
Character Range: 6675–8407

8  Method for calculating registry fees in subsequent financial years
 (1) For the purposes of paragraph 4(2)(b) of the Act, in the financial year starting on 1 July 2023, or a subsequent 1 July, if the latest CPI number is greater than the earlier CPI number, the amount of a fee mentioned in an item of the table in section 7 that is not nil is the amount worked out using the formula:

where:
earlier CPI number is the CPI number for the March quarter 2 financial years before the relevant financial year begins.
latest CPI number is the CPI number for the last March quarter before the relevant financial year begins.
previous fee is the amount of the fee that was applicable immediately before that 1 July.
 (2) If the latest CPI number is not greater than the earlier CPI number, the amount of a fee mentioned in an item of the table is the amount of the fee that was applicable immediately before that 1 July.
 (3) If, apart from this subsection, the amount worked out under subsection (1):
 (a) would be greater than $3,000—the amount is taken to be $3,000; or
 (b) would be an amount of dollars and cents—the amount is to be rounded to the nearest whole dollar and, if the amount to be rounded is 50 cents, rounded down.
 (4) For this section:
 (a) if the Australian Statistician publishes a CPI number for a March quarter in substitution for a CPI number previously published by the Australian Statistician for that quarter, the publication of the later CPI number must be disregarded; and
 (b) if the Australian Statistician changes the index reference period for the Consumer Price Index, then, after the change is made, regard must be had only to the CPI numbers published in terms of the new index reference period.