5Calculation of inflation adjustment—the Act, s 8

5 Calculation of inflation adjustment—the Act, s 8

5 Calculation of inflation adjustment—the Act, s 8

(1) For the Act, section 8(3), the amount payable is calculated as follows—

where—

A is the relevant compensation.

B is the CPI number for the quarter ending immediately before the relevant compensation is paid in accordance with the Act, section 8.

C is the CPI number for the June quarter of 2014.

(2) In this section—

CPI number means the Consumer Price Index (All Groups Index) weighted average of eight capital cities published by the Australian Bureau of Statistics.

quarter means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.