47AIndexation of charges—the Act, ss 40(4A) and 42(1)

47A Indexation of charges—the Act, ss 40(4A) and 42(1)

47A Indexation of charges—the Act, ss 40(4A) and 42(1)

(1) This section applies to each charge prescribed by this part.

(2) The charge is adjusted on 1 July each year using the following formula—

A is the Public Sector Wage Price Index total hourly rates of pay, excluding bonuses, for the March quarter for the year.

B is the Public Sector Wage Price Index total hourly rates of pay, excluding bonuses, for the March quarter for the previous year.

cost means—

(a) for the first time the charge is adjusted under this section—the charge referred to in subsection (1), or

(b) otherwise—the charge referred to in subsection (1) as last adjusted under this section.

where—

(3) Fire and Rescue NSW must, before 1 July each year, publish notice of the adjusted charge on Fire and Rescue NSW’s website.

(4) In this section—

Public Sector Wage Price Index means the Wage Price Index (Public Sector) for New South Wales published by the Australian Bureau of Statistics.

s 47A: Ins 2025 (668), Sch 1[8].