S 9 repealed by No 57 of 2025, s 3 and Sch 1 item 36, effective 1 July 2026. For application and transitional provisions, see note under s
16
. S 9 formerly read:
SECTION 9 INTERPRETATION: INDEXATION FACTOR
9(1)
The indexation factor for a year is whichever is the greater of the following:
(a)
1;
(b)
the number calculated (to 3 decimal places) by dividing the AWOTE amount for the December quarter in the preceding year by the AWOTE amount for the December quarter in the year preceding that year.
Note:
The December quarter is a quarter beginning on 1 October.
History
S 9(1) amended by No 124 of 2013, s 3 and Sch 11 items 30
-
31, by substituting
"
December quarter
"
for
"
March quarter
"
wherever occurring in para (b) and substituting the note, applicable in relation to working out the indexation factor for the 2013-14 year and later years. The note formerly read:
Note:
The March quarter is a quarter beginning on 1 January.
S 9(1) amended by No 51 of 2002, s 3 and Sch 1 item 24, by inserting the note at the end, effective 1 July 2003. For application and transitional provisions, see note under s 5(3).
9(2)
The AWOTE amount for a quarter is the estimate of the full-time adult average weekly ordinary time earnings for persons in Australia for the middle month of the quarter published by the Australian Statistician in relation to the month.
9(3)
If the Australian Statistician publishes an estimate of full-time adult average weekly ordinary time earnings for persons in Australia for a period for which such an estimate was previously published by the Australian Statistician, the publication of the later estimate is to be disregarded for the purposes of this section.
9(4)
If the number calculated for the purposes of paragraph (1)(b) in relation to a year would, if calculated to 4 decimal places, end with a numeral higher than 4, the number is to be taken to be the number calculated to 3 decimal places and increased by 0.001.
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