Calculation of port licence fee
44J Calculation of port licence fee
S. 44J(1) amended by No. 44/2014 s. 33(Sch. item 21(1)).
For the purposes of section 44I(2), the amount is calculated in accordance with the formula—
where—
A is the amount of the fee for the financial year immediately preceding the financial year in respect of which the fee is payable;
B is the sum of the consumer price index numbers for the consecutive reference periods in respect of the period commencing on 1 January and ending on the next following 31 December in the financial year 2 years earlier than the financial year in respect of which the fee is payable last published by the Australian Bureau of Statistics as at 15 April immediately preceding the financial year in respect of which the fee is payable;
C is the sum of the consumer price index numbers for the consecutive reference periods in respect of the period commencing on 1 January in the financial year 3 years earlier than the financial year in respect of which the fee is payable and ending on the next following 31 December immediately preceding the financial year for which the fee is payable.
If it is necessary for the purposes of this section to calculate an amount that consists of or includes a fraction of a whole dollar, the amount is taken to be calculated in accordance with this section if the calculation is made to the nearest whole dollar.
In this section—
S. 44J(3) def. of
consumer price index substituted by No. 44/2014 s. 33(Sch. item 21(2)).
consumer price index means the all groups consumer price index for Melbourne in original terms published by the Australian Bureau of Statistics.
S. 44K (Heading) amended by No. 10/2016 s. 100(1).
S. 44K inserted by No. 8/2012 s. 5.
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