24BIndexes of building prices and wage costs

24B Indexes of building prices and wage costs

For the purposes of paragraph 68(4)(a) of the Act, the index of building prices and the index of wage costs is the composite index of construction activity costs in the Index Number for Australian and New Zealand Standard Industrial Classification, 2006 Class 3020 Non‑residential Building Construction Australia, published by the Australian Bureau of Statistics in Table 17 (Output of the Construction industries) in the Producer Price Indexes, Australia (Catalogue No. 6427.0), as it exists from time to time.

Note: In 2023, the Producer Price Indexes, Australia could be viewed on the Australian Bureau of Statistics’ website (http://www.abs.gov.au).