Cost of Living Concessions (Indexation) Variation Regulations 2017 (SA)

South Australia

Cost of Living Concessions (Indexation) Variation Regulations 2017

under the Cost of Living Concessions Act 1986

Contents

Part 1—Preliminary

1            Short title

2            Commencement

3            Variation provisions

Part 2—Variation of Cost of Living Concessions Regulations 2009

4            Variation of regulation 3—Interpretation

5            Variation of regulation 4—Remission of water rates

6            Variation of regulation 7—Concession payment amounts (section 3(2))

Part 1—Preliminary

1—Short title

These regulations may be cited as the Cost of Living Concessions (Indexation) Variation Regulations 2017.

2—Commencement

These regulations will come into operation on 1 July 2017.

3—Variation provisions

In these regulations, a provision under a heading referring to the variation of specified regulations varies the regulations so specified.

Part 2—Variation of Cost of Living Concessions Regulations 2009

4—Variation of regulation 3—Interpretation

1. Regulation 3(1)—after the definition of Act insert:

   CPI means the Consumer Price Index (All groups index for Adelaide) published by the Australian Bureau of Statistics;

2. Regulation 3(1), definition of prescribed card, (e)—delete paragraph (e)

3. Regulation 3—after subregulation (2) insert:

   (3)In these regulations, if a monetary amount is followed by the word (indexed), the amount is, subject to subregulation (4), to be adjusted on 1 July of each year beginning on 1 July 2017, by multiplying the stated amount by a multiplier obtained by dividing the CPI for the December quarter of the immediately preceding year by the CPI for the December quarter of 2015 (with the amount so adjusted being rounded up to the nearest multiple of 10 cents).

   (4)If an amount to be remitted or paid in a financial year is, when adjusted in accordance with subregulation (3), less than the amount remitted or paid in the immediately preceding financial year, the amount to be remitted or paid will not be the amount as adjusted in accordance with subregulation (3), but will instead be an amount equal to the amount remitted or paid in the immediately preceding financial year.

5—Variation of regulation 4—Remission of water rates

1. Regulation 4(5), definition of prescribed maximum remission, (e)—after "$295" insert:

   (indexed)

2. Regulation 4(5), definition of prescribed minimum remission, (e)—after "$185" insert:

   (indexed)

6—Variation of regulation 7—Concession payment amounts (section 3(2))

1. Regulation 7(a)(i)—after "$100" insert:

   (indexed)

2. Regulation 7(a)(ii)—after "$200" insert:

   (indexed)

3. Regulation 7(b)—after "$100" insert:

   (indexed)

Note—

As required by section 10AA(2) of the Subordinate Legislation Act 1978, the Minister has certified that, in the Minister's opinion, it is necessary or appropriate that these regulations come into operation as set out in these regulations.

Made by the Governor

with the advice and consent of the Executive Council

on 30 May 2017

No 74 of 2017

DCSI/17/010