Revenue Units Act 2009 (NT)
NORTHERN TERRITORY OF AUSTRALIA
REVENUE UNITS ACT 2009
As in force at 1 July 2022
NORTHERN TERRITORY OF AUSTRALIA
As in force at 1 July 2022
REVENUE UNITS ACT 2009
An Act to provide for fees and charges expressed as revenue units, the indexation of the monetary value of revenue units and for related purposes
This Act may be cited as the
This Act commences on 1 January 2010.
(1) A reference in a law of the Territory to a fee or charge that is expressed as a number of revenue units is a reference to an amount of money equal to the amount obtained by multiplying the monetary value of a revenue unit, as calculated in accordance with section 4, by the number of revenue units.
Note for subsection (1) The number of revenue units may be a whole number or a decimal or fractional number. (2) However, if the amount obtained for the fee or charge is not a multiple of $1, the amount is to be rounded down to the nearest $1.
Example for subsection (2) If a fee is expressed as 10 revenue units and the value of a revenue unit is $1.06, the actual fee will be $10.00. (3) In its application to an Act, subsection (1) is subject to a contrary intention in the Act.
(1) The monetary value of a revenue unit is:
(a) $1.27 for the financial year ending on 30 June 2023; and
(b) the amount calculated in accordance with subsections (2), (3) and (4) for the financial years following 30 June 2023.
(2) The formula is:
A = B x [the greater of and 1.03]
where:
A is the monetary value of a revenue unit for the financial year for which the calculation is made.B is the monetary value of a revenue unit for the financial year immediately preceding the financial year for which the calculation is made.C is the average of the CPI figures for Darwin for each of the 4 quarters of the calendar year immediately preceding the financial year for which the calculation is made.D is the average of the CPI figures for Darwin for each of the 4 quarters of the calendar year 2 years preceding the financial year for which the calculation is made.(3) The monetary value of a revenue unit, calculated in accordance with subsection (2), is to be rounded down to 2 decimal places.
Example for subsection (3) By calculating in accordance with the formula in subsection (2), A is equal to $1.129. A is rounded down to 2 decimal places which gives a value of $1.12. (4) Any retrospective change to the method of calculating the CPI figures for Darwin does not retrospectively affect the value of a revenue unit.
(5) In this section:
CPI figure for Darwin means the Consumer Price Index: All Groups Index Number for Darwin published by the Australian Statistician under the authority of theCensus and Statistics Act 1905 (Cth).quarter , of a calendar year, means the period of 3 months ending at the end of March, June, September or December in that year.
If the monetary value of a revenue unit calculated under section 4 for a financial year (the
(a) takes effect on 1 July of the new financial year; and
(b) applies in calculating the amount of a fee or charge incurred only on or after the day on which the new value takes effect.
(1) The Commissioner of Territory Revenue must notify the new value of a revenue unit by
Gazette notice before the date on which the new value takes effect.(2) However, a failure to do so does not affect the operation of section 5(a).
(3) In this section:
Commissioner of Territory Revenue , see section 6 of theTaxation Administration Act 2007 .
The Administrator may make regulations under this Act.
The
(1) This Act applies to a fee or charge incurred after the commencement.
(2) Despite section 8, the repealed Act continues to apply to a fee or charge incurred before the commencement but not paid as at the commencement.
(3) In this section:
commencement means the commencement of this section.repealed Act means theRevenue Units Act 2000 as in force immediately before the commencement.
(1) The amendments made to this Act by the
Revenue Legislation Amendment Act 2018 apply to a fee or charge incurred on or after 1 July 2018.(2) This Act, as in force immediately before 1 July 2018, continues to apply to a fee or charge incurred before 1 July 2018.
(1) The amendment made to this Act by the
Revenue Legislation Amendment and Repeal Act 2022 applies to any fee or charge incurred on or after 1 July 2022.(2) This Act, as in force immediately before 1 July 2022, continues to apply to any fee or charge incurred before 1 July 2022.
1 KEY
Key to abbreviations
2 LIST OF LEGISLATION
Assent date | 15 December 2009 |
Commenced | 1 January 2010 (s 2) |
Assent date | 28 June 2018 |
Commenced | pts 3, 4 and 6 (except ss 34 and 36(3)): 1 May 2018; pt 2, divs 1 and 2, pt 5, ss 34 and 36(3) and pt 7: 1 July 2018; pt 2, div 3 and pt 8: 1 July 2019 (s 2) |
Assent date | 15 December 2020 |
Commenced | pts 2 and 3: 1 July 2020 (s 2(2)); pt 4: 1 December 2020 (s 2(3)); rem: 16 December 2020 (s 2(1)) |
Assent date | 30 June 2022 |
Commenced | 1 July 2022 (s 2) |
3 GENERAL AMENDMENTS
General amendments of a formal nature (which are not referred to in the table of amendments to this reprint) are made by the
4 LIST OF AMENDMENTS
s 4 amd No. 14, 2018, s 28; No. 28, 2020, s 6; No. 15, 2022, s 15
s 10 ins No. 14, 2018, s 29
s 11 ins No. 15, 2022, s 16
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