Business Franchise Licences (Petroleum Products) Amendment Act 1996 (NSW)
New South Wales
Business Franchise Licences
(Petroleum Products) Amendment
Act 1996 No 53
Contents
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Page
1 Name of Act 2 2 Commencement 2 3 Amendment of Business Franchise Licences (Petroleum Products) Act 1987 No 94 2 4 Application of Act 2
Schedule 1 Amendments 3
New South Wales
Business Franchise Licences
(Petroleum Products) AmendmentAct 1996 No 53
Act No 53, 1996
An Act to amend the Business Franchise Licences (Petroleum Products) Act 1987 to provide for annual adjustments to licence fees in accordance with movements in the Consumer Price Index (All Groups Index) for Sydney. [Assented to 28 June 1996]
| Section 1 | Business Franchise Licences (Petroleum Products) Amendment Act 1996 No 53 |
The Legislature of New South Wales enacts:
1 Name of Act
This Act is the Business Franchise Licences (Petroleum
Products) Amendment Act 1996.
2 Commencement
This Act commences on 1 October 1996.
3 Amendment of Business Franchise Licences (Petroleum Products) Act 1987 No 94
The Business Franchise Licences (Petroleum Products) Act 1987 is amended as set out in Schedule 1.
4 Application of Act
The amendment made by Schedule 1 [2] applies to and in respect
of a licence taking effect on or after 1 November 1996.
Business Franchise Licences (Petroleum Products) Amendment Act 1996 No 53
Amendments Schedule 1 Schedule 1 Amendments
(Section 3)
[1] Section 3 Interpretation
Insert in alphabetical order in section 3 (1):
financial year means a period of 12 months
commencing on 1 July.quarter, when described by reference to a particular named month, means 3 successive named months, the last of which is that particular month.
[2] Section 40 Fees
Omit subsection (3). Insert instead:
(3)
For the purposes of subsection ( l ) , the prescribed proportion in respect of motor spirit, for a licence period commencing on or after 1 November in a year (that 1 November being referred to in this subsection as the firstmentioned date) and before 1 November in the following year is to be calculated in accordance with the following formula:
M
9.92% x 451.9 rounded down to 2 decimal places, where M is the aggregate of the index numbers for Sydney in the Consumer Price Index (All Groups Index) issued by the Australian Statistician for the September, December, March and June quarters of the financial year last occurring before the firstmentioned date.
(3A) For the purposes of subsection (1), the prescribed proportion in respect of diesel fuel, for a licence period commencing on or after 1 November in a year (that 1 November being referred to in this subsection as the firstmentioned date) and before 1 November in the following year is to be calculated in accordance with the following formula:
Business Franchise Licences (Petroleum Products) Amendment Act 1996 No 53
| Schedule 1 | Amendments |
M
16.52% x 45 1.9 rounded down to 2 decimal places, where M is the aggregate of the index numbers for Sydney in the Consumer Price Index (All Groups Index) issued by the Australian Statistician for the September, December, March and June quarters of the financial year last occurring before the firstmentioned date.
(3B) If the Australian Statistician:
(a) ceases to issue material referred to in subsection (3) or (3A), or
(b) fails to issue the material within sufficient time to enable the calculation to be made for a particular licence period, or (c) changes the reference base for the relevant Consumer Price Index, the prescribed proportion referred to in subsection (3) or (3A) is to be the percentage prescribed by, or determined
in accordance with, the regulations.
[Minister’s second reading speech made in-
Legislative Assembly on 21 May 1996 Legislative Council on 26 June 1996]
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