21Indexation of $100 in ADF pay

21 Indexation of $100 in ADF pay

(1) For the purposes of paragraph 183(1)(a) of the Act, the index for the purposes of section 183 of the Act is created by: (a) treating a base amount of $100 as being in effect on 31 December 2001; and (b) applying to the base amount the percentage increases required in each subsequent calendar year in accordance with the ADF Workplace Remuneration Arrangement applicable to that subsequent calendar year. (2) For the purposes of paragraph 183(1)(b) of the Act, the manner of working out the increase in an amount of $100 mentioned in that paragraph is: (a) for the year ending on 31 December 2002—to multiply the amount of $100 by the value of 104.55, and divide the result by 100; and (b) for the year ending on 31 December 2003—to multiply the amount of $100 by the value of 107.69, and divide the result by 100; and (c) for each subsequent calendar year—to multiply the amount of $100 by the value of the index set out in subsection (1) on 31 December in that year, and divide the result by 100.

Note: The values mentioned in paragraphs (2)(a) and (b) are the values for 2002 and 2003 worked out using the index set out in subsection (1).