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  • Indexation of the general transfer balance cap will not occur on 1 July 2020

    The All Groups Consumer Price Index (CPI) figure for December 2019 quarter has been announced and was 116.2. Indexation of the general transfer balance cap would only have occurred on 1 July 2020 if the All Groups CPI figure for this quarter was 116.9 or higher.

    We now anticipate that the general transfer balance cap will likely be indexed on 1 July 2021.

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      Last modified: 31 Jan 2020QC 61304