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Part 2—Nomination training contribution charge

Part 2 Nomination training contribution charge

   

7   Imposition of nomination training contribution charge

                   Nomination training contribution charge payable under section 140ZM of the Migration Act is imposed.

8   Amount of nomination training contribution charge

             (1)  The amount of nomination training contribution charge payable by a person in relation to a nomination is the amount:

                     (a)  prescribed by the regulations; or

                     (b)  worked out in accordance with a method prescribed by the regulations.

             (2)  Without limiting subsection (1), the regulations may prescribe different charges or methods for:

                     (a)  different kinds of visas; or

                     (b)  different kinds of persons.

             (3)  The amount prescribed, or the amount worked out in accordance with a method prescribed, must not exceed the nomination training contribution charge limit for the financial year in which the nomination is made.

9   Nomination training contribution charge limit

             (1)  The nomination training contribution charge limit for a nomination made in the financial year beginning on 1 July 2017 is the following:

                     (a)  for a nomination relating to a temporary visa—$8,000;

                     (b)  for a nomination relating to a permanent visa—$5,500.

             (2)  The nomination training contribution charge limit for a nomination made in a later financial year is the amount worked out by multiplying the nomination training contribution charge limit for the previous financial year by the greater of 1 or the indexation factor worked out using the following formula:

                   where:

CPI quarter means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.

index number for a CPI quarter means the All Groups Consumer Price Index number that is the weighted average of the 8 capital cities and is published by the Australian Statistician in relation to the CPI quarter.

             (3)  The indexation factor is to be calculated to 3 decimal places (rounding up if the fourth decimal place is 5 or more).

             (4)  In working out the indexation factor:

                     (a)  use only the index numbers published in terms of the most recently published index reference period for the Consumer Price Index; and

                     (b)  disregard 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).

             (5)  If the amount worked out under subsection (2) is not a multiple of $5, the amount is to be rounded as follows:

                     (a)  if the amount exceeds the nearest lower multiple of $5 by $2.50 or more—round the amount up to the nearest higher multiple of $5;

                     (b)  otherwise—round the amount down to the nearest lower multiple of $5.