33Consumer price adjustments for payments authorised on lapse of appropriation—the Act, section 4.10(4)(a)

33 Consumer price adjustments for payments authorised on lapse of appropriation—the Act, section 4.10(4)(a)

33 Consumer price adjustments for payments authorised on lapse of appropriation—the Act, section 4.10(4)(a)

(1) This section provides for the adjustment for changes in consumer prices in an annual reporting period for the NSW Government (the current period) of amounts appropriated under the annual Appropriation Act for the previous annual reporting period (the previous appropriated amount).

(2) The previous appropriated amount is to be adjusted by the percentage change in the Consumer Price Index (All Groups Index) for Sydney published by the Australian Bureau of Statistics between the March quarter immediately before the beginning of the current period compared with the March quarter immediately before the beginning of the previous annual reporting period.