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Electric Vehicles (Revenue Arrangements) Act 2021
12Calculation of indexed amount
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#### 12 Calculation of indexed amount
12 Calculation of indexed amount
> > (1) The indexed amount for the 2021–22 financial year is 2.500 cents per kilometre.
>
> > (2) For a financial year after the 2021–22 financial year, the indexed amount is calculated using the following formula—
> >
> > %20AND%20(No%3D025)%20AND%20(Year%3D2021)%20AND%20(%22Historical%20Document%22%3D0))/g1.gif)
> > where—
> >
> > A is the indexed amount for the financial year.
> >
> > AP is the indexed amount for the previous financial year.
> >
> > CPI is the Sydney All Groups CPI for the financial year.
> >
> > CPIP is the Sydney All Groups CPI for the previous financial year.
>
> > (3) The indexed amount is to be rounded to 3 decimal places.
>
> > (4) In this section—
> >
> > Sydney All Groups CPI, for a financial year, means the Sydney All Groups Consumer Price Index Number in original terms for the most recent quarter, published before the start of the financial year by the Australian Bureau of Statistics.