9Base rate (section 8)

#### 9 Base rate (section 8) 9 Base rate (section 8) > > (1) For the financial year beginning 1 July 2009, the base rate of the levy is— > > > > > (a) $2,000, in relation to premises in a Category 1 area, and > > > > > (b) $710, in relation to premises in a Category 2 area. > > > (2) For any subsequent financial year, the base rate of the levy in relation to premises in a Category 1 or Category 2 area is the CPI adjusted levy for premises in that area, as determined in accordance with the following formula— > > > > %20AND%20(No%3D0390)%20AND%20(Year%3D2019)%20AND%20(%22Historical%20Document%22%3D0))/g1.gif) > > where— > > > > C is the CPI adjusted levy being determined (with amounts of less than $5 being rounded down to the next lower multiple of $10 and amounts of $5 or more being rounded up to the next higher multiple of $10). > > > > L is the base rate for the base year for premises in that area. > > > > A is the sum of the consumer price index numbers for the June, September, December and March quarters immediately prior to 1 April of the year preceding the financial year for which the base rate is being calculated. > > > > B is the sum of the consumer price index numbers for the June, September, December and March quarters immediately prior to 1 April of the year preceding the base year. > > > (2A) Despite subclause (2), for the financial year beginning 1 July 2020, the base rate of the levy in relation to premises in a Category 1 or Category 2 area is the base rate of the levy that was determined in respect of the premises for the financial year beginning 1 July 2019. > > > (3) In this clause— > > > > base year means the financial year for which the base rate is fixed under subclause (1). > > > > consumer price index means the Consumer Price Index (All Groups Index) for Sydney issued by the Australian Statistician. > > **cl 9:** Am 2020 (281), cl 3.