111AIndexation of amounts

#### 111A Indexation of amounts 111A Indexation of amounts > > (1) For the purposes of section 471 of the Uniform Law, an indexed amount is to be indexed each financial year in accordance with the following formula— > > > > %20AND%20(No%3D0246)%20AND%20(Year%3D2015)%20AND%20(%22Historical%20Document%22%3D0))/g1.gif) > > > > Note. > > > > 106.8 is the CPI number for the March quarter of 2015. > > > (2) An indexed amount is to be rounded to the nearest $5. > > > (3) If an indexed amount for any financial year is less than the amount that applied for the previous financial year, then the amount that applied for that previous financial year applies instead. > > > (4) As soon as practicable after the latest CPI number is first published by the Australian Statistician, the Commissioner is required to— > > > > > (a) notify the NSW Parliamentary Counsel of the indexed amounts for the next financial year so that notice of those amounts can be published on the NSW legislation website, and > > > > > (b) give public notice on the Legal Services Council’s website of the actual amounts applying in each financial year resulting from indexation under this rule. > > > (5) In this rule— > > > > CPI number means the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Australian Statistician. > > > > financial year means a period of 12 months commencing on 1 July. > > > > latest CPI number means the CPI number for the March quarter in the financial year immediately preceding the financial year for which the amount is to be indexed. > > > > March quarter means a period of 3 months ending 31 March. > > Editorial note— > > For a financial year specified in Column 1, the indexed amounts for the amounts of $100,000, $10,000 and $25,000 referred to in the following provisions are the amounts specified in Columns 2, 3 and 4, respectively, corresponding to the financial year— > > > (a) [Legal Profession Uniform Law](/view/html/repealed/current/act-2015-007), sections 291(1)(a) and (b), 292(2)(b) and (3) and 293(2)(b)(i) and (ii), > > > (b) Legal Profession Uniform Law Application Act 2014 of Victoria, section 99(1)(a) and (4)(a). > > > > | Column 1 | Column 2 | Column 3 | Column 4 | > > | Financial year | Original amount—$100,000 | Original amount—$10,000 | Original amount—$25,000 | > > | 2019–2020 | $106,835 | $10,685 | $26,710 | > > | 2020–2021 | $116,635 | $11,665 | $29,160 | > > | 2021–2022 | $128,760 | $12,880 | $32,190 | > > | 2022–2023 | $149,375 | $14,940 | $37,345 | > > | 2023–2024 | $185,460 | $18,550 | $46,365 | > > | 2024–2025 | $238,595 | $23,865 | $59,650 | > > | 2025–2026 | $314,330 | $31,440 | $78,585 | > > **rule 111A:** Ins 2019 (25), Sch 1.