Document ID: chunk:federal_register_of_legislation:C2024A00108:clause:1_5
Version: federal_register_of_legislation:C2024A00108
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 5979–7645

5  After subsection 140‑10(1A)
Insert:
 (1B) 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 *CPI index number for the *quarter ending on 31 March in that financial year; and
                (b) the CPI index numbers for the 3 quarters that immediately preceded that quarter.

           Step 2. Add:

                (a) the *CPI index number for the *quarter ending on 31 March in the immediately preceding financial year; and
                (b) the CPI 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.
 (1C) 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.