238Amount of levy

238 Amount of levy

(1) The amount of the levy for a commercial passenger vehicle service transaction is—

(a) until the commencement of regulations made under subsection (2), $1; and

(b) on and from the commencement of regulations made under subsection (2), the prescribed amount.

S. 238(2) amended by No. 7/2019 s. 43(4).

(2) The regulations, in accordance with section 289(3), may specify an amount less than $2 as the amount of the levy.

(3) The amount of the levy in respect of the financial year beginning on 1 July 2019 and each subsequent financial year is to be varied in accordance with the following formula—

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where—

**A** is $1 or the prescribed amount; and

**B** is the all groups consumer price index for Melbourne as at 15 June in the preceding financial year published by the Australian Statistician in respect of the December quarter immediately preceding that 15 June; and

**C** is the all groups consumer price index for Melbourne as at 15 June 2018 published by the Australian Statistician in respect of the quarter ending on 31 December 2017.

(4) If an amount calculated in accordance with subsection (3) is not a multiple of 5 cents, the amount must be rounded down to the nearest multiple of 5 cents.

(5) The Minister must, before 30 June in 2019 and each subsequent year, cause a notice to be published in the Government Gazette specifying the amount of the levy payable in the financial year beginning on 1 July in that year.

S. 13 renumbered as s. 239 by No. 63/2017 s. 15.