sec.59AMaximum amount of ordinary pay for normal working week

sec.59A Maximum amount of ordinary pay for normal working week

For section 59 (2) , if P is an amount greater than $1400, P is fixed at— for the period from commencement of this section until 30 June 2009—$1400; or for any later financial year—the amount notified by the Minister by gazette notice. As soon as practicable after 1 January in each year, the authority must review the cap and recommend the change to the cap that the authority considers appropriate. In making its recommendation under subsection (2) , the authority must take into account the following— WPI; rates of pay under building and construction industry awards and agreements that, in the authority’s opinion, are representative of awards and agreements in the building and construction industry; the sufficiency of the funds of the authority, having regard to the current levy rate. Before 1 July in each year, the Minister must consider the authority’s recommendation and fix the cap for the following financial year. The Minister must notify the cap before 1 July in the gazette. In this section— cap means the amount for P fixed under subsection (1) . WPI means the Queensland wage price index for the building and construction industry available quarterly from the Australian Bureau of Statistics or, if the index ceases to be published, another similar index prescribed under a regulation. s 59A ins 2008 No. 67 s 301 (sec.59A-ssec.1) For section 59 (2) , if P is an amount greater than $1400, P is fixed at— for the period from commencement of this section until 30 June 2009—$1400; or for any later financial year—the amount notified by the Minister by gazette notice. (sec.59A-ssec.2) As soon as practicable after 1 January in each year, the authority must review the cap and recommend the change to the cap that the authority considers appropriate. (sec.59A-ssec.3) In making its recommendation under subsection (2) , the authority must take into account the following— WPI; rates of pay under building and construction industry awards and agreements that, in the authority’s opinion, are representative of awards and agreements in the building and construction industry; the sufficiency of the funds of the authority, having regard to the current levy rate. (sec.59A-ssec.4) Before 1 July in each year, the Minister must consider the authority’s recommendation and fix the cap for the following financial year. (sec.59A-ssec.5) The Minister must notify the cap before 1 July in the gazette. (sec.59A-ssec.6) In this section— cap means the amount for P fixed under subsection (1) . WPI means the Queensland wage price index for the building and construction industry available quarterly from the Australian Bureau of Statistics or, if the index ceases to be published, another similar index prescribed under a regulation.

• (a) for the period from commencement of this section until 30 June 2009—$1400; or
• (b) for any later financial year—the amount notified by the Minister by gazette notice.