OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART IA - REASONABLE BENEFIT LIMITS  

Division 1 - Preliminary  

REGULATION 4C   INDEXATION  

4C(1)   [ Amounts to be indexed on 1 July ]  

This Part is to have effect, on 1 July 1991 and each subsequent 1 July, as if there were substituted for:

(a) the amount referred to in subparagraph (a)(ii) of the definition of lump sum RBL in subregulation 4A(1) ; and

(b) each amount referred to in paragraph (a) of the definition of lump sum reasonable benefit multiple in subregulation 4A(1) ; and

(c) the amount referred to in paragraph (b) of the definition of pension RBL in subregulation 4A(1) ; and

(d) each amount referred to in paragraph (a) of the definition of pension reasonable benefit multiple in subregulation 4A(1) ; and

(e) the amount referred to in regulation 4H ;

or for the amount last substituted for that amount under this regulation (in this regulation called the base amount ) a new amount worked out by:

(f) multiplying the base amount by the index number for the March quarter immediately preceding that 1 July; and

(g) dividing the product by the index number for the previous March quarter.

4C(2)   [ Substituted index number ]  

Subject to subregulation (3), if at any time, whether before or after the commencement of these regulations, the Australian Statistician publishes an index number in respect of a quarter in substitution for an index number previously published, that later index number is to be disregarded for the purposes of this Part.

4C(3)   [ Change of reference base ]  

If at any time the Australian Statistician changes the reference base for the index number, regard is to be had, for the purposes of the operation of this Part after the change took place, only to index numbers published in terms of the new reference base.

4C(4)   [ Indexation by $ 10 multiples ]  

Where an amount to be substituted under this regulation is not a multiple of $ 10, it is to be increased to the nearest multiple of $ 10.