National Transport Commission (Model Heavy Vehicle Charges Act) Regulations 2008
10. Annual registration charges: after 310. Annual registration charges: after 30/6/11
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10. Annual registration charges: after 30/6/11
The annual registration charge for a vehicle to which this Act applies for any financial year after 30 June 2011 (“the relevant financial year”) is to be calculated as follows: 1. The annual registration charge that was payable for the vehicle for the financial year immediately preceding the relevant financial year (“the previous annual registration charge”) is to be multiplied by the Annual Adjustment Factor percentage determined under Schedule 1 for the relevant financial year. 2. The result is to be added to, or subtracted from (if the percentage was negative), the previous annual registration charge. 3. The result is to be rounded up or down to the nearest whole dollar amount (rounding an amount of 50 cents upwards).