sec.123QAdjustment of expenditure caps

### sec.123Q Adjustment of expenditure caps This section applies to a monetary amount stated in section 123D (2) or (3) or 123E (2) or (3) (a relevant factor ), including a monetary amount stated in the section that has been adjusted by the operation of this section. However, a monetary amount stated in section 123D or 123E for the purpose of rounding is not a relevant factor. A relevant factor— is adjusted under this section 30 days after the polling day for each quadrennial election (the recent quadrennial election ); and as adjusted under this section, applies for each election that is held until the relevant factor is next adjusted under this section. A relevant factor is adjusted to the amount worked out by using the following formula and rounding the result as provided under subsection (5) — where— A is the relevant factor as adjusted. B is the amount of the relevant factor that applied immediately before its adjustment. C is the CPI number published for the last quarter that ended before the polling day for the recent quadrennial election. D is the CPI number for the last quarter that ended before the polling day for the quadrennial election last held before the recent quadrennial election. For subsection (4) , the result must be rounded as follows— for a relevant factor mentioned in section 123D (2) or (3) (a) , (c) , definition A or (d), definition F or 123E(2) or (3)(a) or (c)—to the nearest $10 (rounding one-half upwards); for another relevant factor—to the nearest cent (rounding one-half upwards). As soon as practicable after a relevant factor is adjusted under this section, the electoral commission must publish the amount of the relevant factor as adjusted on the electoral commission’s website. In this section— CPI means the all groups consumer price index for Brisbane published by the Australian Bureau of Statistics. quarter means the following periods in a year— 1 January to 31 March; 1 April to 30 June; 1 July to 30 September; 1 October to 31 December. s 123Q ins 2023 No. 8 s 41 (sec.123Q-ssec.1) This section applies to a monetary amount stated in section 123D (2) or (3) or 123E (2) or (3) (a relevant factor ), including a monetary amount stated in the section that has been adjusted by the operation of this section. (sec.123Q-ssec.2) However, a monetary amount stated in section 123D or 123E for the purpose of rounding is not a relevant factor. (sec.123Q-ssec.3) A relevant factor— is adjusted under this section 30 days after the polling day for each quadrennial election (the recent quadrennial election ); and as adjusted under this section, applies for each election that is held until the relevant factor is next adjusted under this section. (sec.123Q-ssec.4) A relevant factor is adjusted to the amount worked out by using the following formula and rounding the result as provided under subsection (5) — where— A is the relevant factor as adjusted. B is the amount of the relevant factor that applied immediately before its adjustment. C is the CPI number published for the last quarter that ended before the polling day for the recent quadrennial election. D is the CPI number for the last quarter that ended before the polling day for the quadrennial election last held before the recent quadrennial election. (sec.123Q-ssec.5) For subsection (4) , the result must be rounded as follows— for a relevant factor mentioned in section 123D (2) or (3) (a) , (c) , definition A or (d), definition F or 123E(2) or (3)(a) or (c)—to the nearest $10 (rounding one-half upwards); for another relevant factor—to the nearest cent (rounding one-half upwards). (sec.123Q-ssec.6) As soon as practicable after a relevant factor is adjusted under this section, the electoral commission must publish the amount of the relevant factor as adjusted on the electoral commission’s website. (sec.123Q-ssec.7) In this section— CPI means the all groups consumer price index for Brisbane published by the Australian Bureau of Statistics. quarter means the following periods in a year— 1 January to 31 March; 1 April to 30 June; 1 July to 30 September; 1 October to 31 December. - (a) is adjusted under this section 30 days after the polling day for each quadrennial election (the recent quadrennial election ); and - (b) as adjusted under this section, applies for each election that is held until the relevant factor is next adjusted under this section. - (a) for a relevant factor mentioned in section 123D (2) or (3) (a) , (c) , definition A or (d), definition F or 123E(2) or (3)(a) or (c)—to the nearest $10 (rounding one-half upwards); - (b) for another relevant factor—to the nearest cent (rounding one-half upwards). - (a) 1 January to 31 March; - (b) 1 April to 30 June; - (c) 1 July to 30 September; - (d) 1 October to 31 December.