11Determination of rate

11 Determination of rate

11 Determination of rate

(cf clause 5(6)–(8) and (9)–(18) of 2005 Reg)

(1) For the purposes of this Division, the MLA amount, RLA amount, TLW amount and Special Levy amount are—

(a) for the period commencing on 1 November 2014 and ending on 30 June 2015—$120.90, $65.40, $70.10 and $13.70, respectively, or

(b) for a year beginning on or after 1 July 2015—the amount, in dollars and cents, calculated for the year in accordance with the Formula (rounded to the nearest 10 cent multiple (with an amount of 5 cents to be rounded up)).

(2) The Formula is—

where—

S is the amount, in dollars and cents, being calculated.

T is—

(a) if the MLA amount is being calculated—

(i) $130.90 for the year beginning on 1 July 2015, or

(ii) for a year beginning on or after 1 July 2016—the MLA amount, in dollars and cents, for the year previous to the year for which the calculation is being made, or

(b) if the RLA amount is being calculated—

(i) $75.40 for the year beginning on 1 July 2015, or

(ii) for a year beginning on or after 1 July 2016—the RLA amount, in dollars and cents, for the year previous to the year for which the calculation is being made, or

(c) if the TLW amount is being calculated—

(i) $70.10 for the year beginning on 1 July 2015, or

(ii) for a year beginning on or after 1 July 2016—the TLW amount, in dollars and cents, for the year previous to the year for which the calculation is being made, or

(d) if the Special Levy amount is being calculated—

(i) $13.70 for the year beginning on 1 July 2015, or

(ii) for a year beginning on or after 1 July 2016—the Special Levy amount, in dollars and cents, for the year previous to the year for which the calculation is being made.

A is the CPI number for the December quarter of the year previous to the year for which the calculation is being made.