4AMeaning of threshold remuneration amount

#### 4A Meaning of threshold remuneration amount Guide to this section The purpose of this section is to define threshold remuneration amount. (1) The threshold remuneration amount for a reporting period is: (a) for a reporting period that begins on or after 29 June 2018 and ends on or before 30 June 2019—$220,000; or (b) for a reporting period that begins in a financial year that begins on or after 1 July 2019—the amount worked out using the following formula rounded to the nearest multiple of $5,000:  (2) The indexation factor for a financial year is the number worked out using the following formula:  where: > base June quarter means the June quarter ending on 30 June 2018. > index number, for a quarter, means the Wage Price Index (total hourly rates of pay excluding bonuses/public sector/all Australia/original) number published by the Australian Statistician in respect of that quarter. > June quarter means a 3‑month period ending on 30 June. > reference June quarter means the June quarter immediately before the financial year. (3) The indexation factor is to be calculated to 3 decimal places (rounding up if the fourth decimal place is 5 or more). (4) The indexation factor is to be worked out: (a) using only the index numbers published in terms of the most recently published index reference period for the Wage Price Index; and (b) disregarding index numbers published in substitution for previously published index numbers (except where the substituted numbers are published to take account of changes in the index reference period).