Superannuation Auditor Registration Imposition Regulation 2012
5Method for calculating fees in subsequent financial years
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5 Method for calculating fees in subsequent financial years
(1) For the purposes of paragraph 4(2)(b) of the Act, the amount of a fee on or after 4 July 2018 is, subject to subsections (2A) to (4), the amount mentioned in column 2 of an item in the table in section 4 or 4A. Indexable matters (2) A matter is an indexable matter if it is mentioned in an item in the table in section 4A, and the fee is not nil. (2A) For the purposes of paragraph 4(2)(b) of the Act, in the financial year starting on 1 July 2019, or a subsequent 1 July, if the latest CPI number is greater than the earlier CPI number, the fee for an indexable matter is the amount worked out using the formula: Image unavailable in extracted text where:
previous indexable amount is the amount of the fee for the indexable matter that was applicable immediately before that 1 July.
(3) If the latest CPI number is not greater than the earlier CPI number, the fee for the matter that is an indexable matter is the amount of the fee that was applicable immediately before that 1 July. (4) If, apart from this subsection, the amount worked out under subsection (2A) would be an amount of dollars and cents, the amount is to be rounded to the nearest whole dollar and, if the amount to be rounded is 50 cents, rounded down. (5) For this section: (a) if the Australian Statistician publishes a CPI number for a March quarter in substitution for a CPI number previously published by the Australian Statistician for that quarter, the publication of the later CPI number must be disregarded; and (b) if the Australian Statistician changes the reference base for the Consumer Price Index, then, after the change is made, regard must be had only to the CPI numbers published using the new reference base. (6) In this section:
CPI number means the All Groups Consumer Price Index number (being the weighted average of the 8 Australian capital cities) published by the Australian Statistician.
earlier CPI number is the CPI number for the March quarter 2 financial years before the relevant financial year begins.
latest CPI number is the CPI number for the last March quarter before the relevant financial year begins.