1 July 2022 Consumer Price Index (CPI) Notice
On 1 July each year OneMusic’s GST exclusive rates are increased by the percentage increase in the CPI between the last two March Quarter’s under the Licence Agreement terms.
The increase in the CPI between the last two March Quarters was 6.9%.
At OneMusic we are aware of the challenges businesses face as we begin to see light at the end of the tunnel from Covid-19.
To support businesses as well as our music creators we’ve made a one-off decision to discount part of the increase that would otherwise apply for the year commencing 1 July 2022 licences below.
The GST exclusive rate for the following licences will effectively increase only by 3.9%
(with OneMusic discounting the remaining 3%).
This discount on the increase under the Licence Agreement terms is being implemented only in respect of the licence year commencing 1 July 2022.