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  • Indexation of the general transfer balance cap won't occur on 1 July

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

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

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      Last modified: 31 Jan 2020QC 61303