Indexation of charges
9A Indexation of charges
Indexation of charges
If the indexation factor for an indexation day is greater than 1, the dollar amounts mentioned in the table in subsection 9(1) are, on that day, each replaced by the amount worked out using the following formula:
Start formula The dollar amount of charge immediately before the indexation day times Indexation factor for the indexation day end formula
However, subsection (1) does not apply to the dollar amounts mentioned in items 5, 5A, 10A, 10B and 15 of the table in subsection 9(1) on the indexation day occurring on 1 July 2026.
The amount worked out under subsection (1) is to be rounded to:
if the amount is below $1—the nearest cent (rounding 0.5 cents upwards); or
in any other case—the nearest whole dollar (rounding 50 cents upwards).
Indexation factor
The indexation factor for an indexation day is the number worked out using the following formula:
Start formula start fraction Index number for the reference quarter over Index number for the base quarter end fraction end formula
The indexation factor is to be worked out to 3 decimal places (rounding up if the fourth decimal place is 5 or more).
Changes to CPI index reference period and publication of substituted index numbers
Amounts are to be worked out under this section:
using only the index numbers published in terms of the most recently published index reference period for the Consumer Price Index; and
disregarding index numbers published in substitution for previously published index numbers (except where the substituted numbers are published to take account of changes in the index reference period).
Application of replacement amount
If a dollar amount mentioned in item 1 or 2 of the table in subsection 9(1) is replaced under this section on an indexation day, the replacement amount applies in relation to goods that are the subject of an import declaration communicated on or after that day.
If the dollar amount mentioned in item 2A of the table in subsection 9(1) is replaced under this section on an indexation day, the replacement amount applies in relation to low value goods that are the subject of a self‑assessed clearance declaration given on or after that day.
Subject to subsection (8), if a dollar amount mentioned in item 11 of the table in subsection 9(1) is replaced under this section on an indexation day, the replacement amount applies in relation to each month, or part of a month, that begins on or after that day.
If a dollar amount (the old charge) mentioned in items 4 to 11 of the table in subsection 9(1) is replaced under this section on an indexation day, the old charge applies instead of the replacement amount in relation to a biosecurity matter that is carried out on or after the indexation day if:
an invoice was issued by the Agriculture Department in relation to the biosecurity matter before that day; or
demand for payment had been made in relation to the biosecurity matter before that day.
Definitions
In this section:
base quarter means the last December quarter before the reference quarter.
December quarter means a period of 3 months starting on 1 October.
indexation day means 1 July 2024 and each later 1 July.
index number, for a quarter, means the All Groups Consumer Price Index number (being the weighted average of the 8 capital cities) published by the Australian Statistician for that quarter.
reference quarter means the December quarter immediately before the indexation day.
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