Water and Sewerage Industry (Community Service Obligation) Regulations 2019
6Base amount and concession rate
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6 Base amount and concession rate
(1) In this regulation –
Hobart CPI number means the Consumer Price Index: All Groups Index Number for Hobart published by the Australian Bureau of Statistics.
(2) For the purposes of section 9(1) of the Act, the base amount for regulated entities for the 2019-20 financial year is $197.
(3) For the purposes of section 9(2) of the Act, the base amount for regulated entities for a financial year (a subsequent financial year) after the 2019-20 financial year is to be increased by the following percentage amount:
where:
A means the percentage increase for the subsequent financial year;
B means the average of the Hobart CPI number for the 4 consecutive quarters ending on 31 December immediately before the subsequent financial year;
C means the average of the Hobart CPI number for the 4 consecutive quarters ending on 31 December immediately before the 4 consecutive quarters referred to in “B”.
(4) Despite subregulation (3) , if the number obtained for any subsequent financial year under that subregulation is less than 0, then there is no percentage amount prescribed, for the purposes of section 9(2) of the Act, for that subsequent financial year.
Displayed and numbered in accordance with the Rules Publication Act 1953.
Notified in the Gazette on 26 September 2019
These regulations are administered in the Department of Treasury and Finance.