20Indexation of pre‑CFTS pay and civilian daily earnings

20 Indexation of pre‑CFTS pay and civilian daily earnings

(1) For the purposes of paragraph 182(1)(a) of the Act, the index for the purposes of section 182 of the Act is Total hourly rates of pay excluding bonuses, contained in 6345.0 Wage Price Index, Australia, published by the Australian Bureau of Statistics in respect of the most recent quarter. (2) For the purposes of paragraph 182(1)(b) of the Act, the manner of working out an increase in the amount of a person’s pre‑CFTS pay or civilian daily earnings is: (a) to assume that the pre‑CFTS pay or civilian daily earnings is a dollar amount to be indexed under subsection 404(1) of the Act; and (b) to treat the December index number mentioned in section 404 of the Act as the value for “December” in the tables of the index referred to in subsection (1) under the headings “Australia”, “Private and Public” and “All industries”.

Note: In 2020, the index was found in “Table 1. Total Hourly Rates of Pay Excluding Bonuses: Sector, Original, Seasonally Adjusted and Trend” under the data item description “Percentage Change from Corresponding Quarter of Previous Year; Total hourly rates of pay excluding bonuses; Australia; Private and Public; All industries” (see the Australian Bureau of Statistics’ website).