CPI Adjustment - CPI for Determination DET-05/03: Standard-cost household service for boarding service provider
CPI Adjustment - CPI 12/02 (2012) for Determination DET-05/03: Standard-cost household service for boarding service provider.
Important note of change
CPI Adjustment - CPI 12/02 for Determination DET-05/03: Standard-cost household service for boarding service providers
In accordance with the provisions of Determination DET-05/03, as published in Tax Information Bulletin Vol 17, No 10 (December 2005), Inland Revenue advises that the weekly standard-cost component for the 2012 income year, is retrospectively adjusted as follows:
- The weekly standard-cost for one to two boarders will increase from $243 each to $247 each.
- The weekly standard-cost for third and subsequent number of boarders will increase from $198 each to $202 each.
The above amounts have been adjusted in accordance with the annual movement of the Consumers Price Index for the twelve months to March 2012, which showed an increase of 1.6%. For boarding service providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2011 to 31 March 2012.