Building Energy Efficiency Disclosure Regulations 2010
11Indexation of fees
Start here
Get a plain-English read of 11
Turn the raw legal text into a practical explanation grounded in Building Energy Efficiency Disclosure Regulations 2010.
11 Indexation of fees
(1) In this regulation:
CPI number means the All Groups Consumer Price Index number (that is, the weighted average of the 8 Australian capital cities) published by the Australian Statistician.
earlier CPI number, for a financial year, means the CPI number for the last March quarter before the beginning of the financial year.
latest CPI number, for a financial year, means the CPI number for the last March quarter before the end of the financial year.
relevant financial year means a financial year beginning after 30 June 2011.
(2) If, in a relevant financial year, the latest CPI number is greater than the earlier CPI number, a fee under these Regulations is taken to increase, on 1 July of the next financial year, in accordance with the following formula: Start formula start fraction fee times latest CPI number over earlier CPI number end fraction end formula (3) If a fee increased under subregulation (2) 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, the amount is to be rounded down.