Part 9Undergrounding of powerlines

Part 9—Undergrounding of powerlines 44—Prescribed amount for undergrounding work For the purposes of section 58A(3) of the Act, the amount is— (a) for the financial year 2011/2012—$6.093 million; (b) for each subsequent financial year—the amount determined by the Minister in accordance with the following formula:

CPIx is the Consumer Price Index, All Groups Index Number (All Cities) published by the Australian Bureau of Statistics, for the March quarter preceding the financial year concerned; CPI1 is the Consumer Price Index, All Groups Index Number (All Cities) published by the Australian Bureau of Statistics, for the March quarter 2011; Ax is the amount (in dollars) determined by the Minister under this regulation for the purposes of section 58A(3) of the Act for the previous financial year; TCx is the total cost (in dollars) of the undergrounding work undertaken in the previous financial year in accordance with programs prepared under section 58A of the Act; GSTx is the amount (in dollars) determined by the Minister as being the total GST (within the meaning of the A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth, as amended from time to time) paid in respect of all undergrounding work undertaken in the previous financial year in accordance with programs prepared under section 58A of the Act.