Tasmanian Numbered Acts Tasmanian Numbered Acts109. CPI method
(1) This section applies, if the Commissioner and the lessor agree to apply it, in order to determine as a definite sum any unascertainable amounts of any particular cost component of a lease.
(2) The amount of the relevant cost component payable during any interval of the term of the lease for which it cannot be ascertained is taken to be payable at an annual rate ascertained by compounding the rate at which it is payable during the first year of the lease by the annual percentage increase in the Consumer Price Index last issued before the commencement of the lease.
(3) If the rate at which the cost component is payable is unascertainable for a part of the first year, the rate for that year is to be calculated in accordance with section 108(3)(b) and (c).
(4) The Commissioner may assess and levy duty on the cost of a lease based on a determination under this section of the value of the relevant cost component.
(5) Duty assessed in accordance with this section may not be varied merely because the actual amount of the cost component paid under the lease is different from the value of the cost component determined under this section.
"Consumer Price Index" means the number appearing in the Consumer Price Index (All Groups Index) for Hobart published under the Census and Statistics Act 1905 of the Commonwealth.