4Maximum award of compensation

4 Maximum award of compensation

(1)  In this regulation –

CPI figure for Hobart means the Consumer Price Index (All Groups) Number for Hobart published by the Australian Statistician under the authority of the Census and Statistics Act 1905 of the Commonwealth;

percentage change, in relation to a financial year, means the percentage change between –

(a) the average of the CPI figures for Hobart in respect of the 4 quarters ending on 31 December immediately preceding the financial year; and

(b) the average of the CPI figures for Hobart in respect of the 4 quarters ending on 31 December immediately preceding the 4 quarters referred to in paragraph (a) ;

subsequent financial year means a financial year after the financial year that ends on 30 June 2022.

(2)  For the purposes of section 6A(1) of the Act –

(a) the prescribed maximum for the financial year ending on 30 June 2022 is –

(i) $30 000 for a primary victim where there is a single offence; and

(ii) $50 000 for a primary victim where there is more than one offence; and

(iii) $20 000 for a secondary victim; and

(iv) $10 000 for a related victim; and

(b) the prescribed maximum for a class of victims in a subsequent year is –

(i) the amount calculated by increasing the prescribed maximum for that class of victims for the immediately preceding financial year by the percentage change for the subsequent financial year; or

(ii) if a prescribed maximum calculated under subparagraph (i) for a financial year is less than the prescribed maximum for the immediately preceding financial year, the prescribed maximum for the immediately preceding financial year.