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Amendments have been made to Parts 1 and 5 and Schedule 1 of the Regulations to provide for the annual indexation of specified fees and visa application charges. Adjustments to fees and visa application charges occur each year, effective 1 July. The last fee and visa application charge adjustment took effect from 1 July 2006. Most fees and visa application charges are adjusted annually in line with changes to the Consumer Price Index (CPI). For these visa classes, the application charges will increase by 3.5 per cent. The exceptions are the Contributory Parent visas, where the cost for second visa application charges will increase by 7.6 per cent. This is the value of the Contributory Parent Visa Composite Index for 2007– 2008, as published by the Australian Government Actuary. All increases are rounded to a multiple of $5.00 according to the following methodology: - if the amount of the charge calculated under this formula is not a multiple of $5.00, and if the amount exceeds the nearest lower multiple of $5.00 by $2.50 or more, the amount is rounded up to the nearest $5.00
- in any other case, where the charge calculated under the formula is not a multiple of $5.00, the amount is rounded down to the nearest lower multiple of $5.00.
The amount of the increase to these fees and charges does not exceed the applicable charge limit set out in the Migration (Visa Application) Charge Act 1997. For General Skilled Migration the 1st installment of the VAC has increased to AU$2,060.00. Please see the July 2007 version of Form 990i at http://www.immi.gov.au/allforms/pdf/990i.pdf
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