1 April 2024 Consumer Price Index (CPI) Notice
On 1 April each year OneMusic’s GST exclusive rates are increased by the percentage increase in the CPI between the last two June Quarter’s under the Licence Agreement terms.
The increase in the CPI between the last two June Quarters was 6.0%.
OneMusic are aware of the challenges businesses face and to support them, 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 April 2024 licenses below.
The GST exclusive rate for the following licenses will effectively increase only by 4.0%.
(with OneMusic discounting the remaining 2.0%).
This discount on the increase under the Licence Agreement terms is being implemented only in respect of the licence year commencing 1 April 2024.