9Calculation of base rate

9 Calculation of base rate

9 Calculation of base rate

(1) For this regulation, the base rate is—

(a) for the 2025–26 financial year, in relation to the levy imposed on 1 July 2026—

(i) $3,120 for premises in a Category 1 area, and

(ii) $1,110 for premises in a Category 2 area, and

(b) for each later financial year—the amount calculated as follows—

where—

L is the base rate for the 2025–26 financial year for premises in the area in which the premises are located.

A is the sum of the CPI numbers for the June, September, December and March quarters immediately before 30 April of the financial year for which the base rate is being calculated.

B is the sum of the CPI numbers for the June, September, December and March quarters immediately before 30 April 2026.

(2) The amount of the base rate must be rounded to the nearest $10, with an amount of $5 rounded up.

(3) If the amount of the base rate calculated for a financial year is less than the amount that applied for the previous financial year, the amount for the previous financial year applies instead.

(4) In this section—

CPI number means the Consumer Price Index (All Groups Index) for Sydney published by the Australian Bureau of Statistics in the latest published series of the index.