Rate Indexation Sample Clauses
The Rate Indexation clause establishes a mechanism for adjusting rates, fees, or payments in a contract based on changes in a specified index, such as the Consumer Price Index (CPI) or another agreed-upon benchmark. Typically, this clause outlines how often adjustments occur—annually, semi-annually, or at other intervals—and details the formula or method used to calculate the new rate. By linking contractual payments to an external index, the clause ensures that the value of payments remains consistent with inflation or market changes, thereby protecting both parties from the effects of fluctuating economic conditions.
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Rate Indexation. Rates of pay will be adjusted from the first full pay period on or after 1 July. Increases will be in accordance with the sum of the percentage increases in the Weighted Average 8 Capital Cities All Groups Consumer Price Index (the CPI), published by the Australian Bureau of Statistics for the 4 consecutive quarters ending at the March quarter prior to the review. The maximum increase for the rate of pay will be 3.2 percent. The rate of pay will be increased to the nearest 10 cents. Where there has been no increase or a decrease in the CPI, the rates will not be varied.
Rate Indexation. The rates of pay will be adjusted by 3.5% annually on the first full pay period on or after 1 July each year as detailed in Appendix 1.
Rate Indexation. The minimum rates of pay will be adjusted by 2.5% annually on the first full pay period on or after 1 July each year as detailed in Appendix 1.
Rate Indexation. The rates of pay will be adjusted annually as per adjustments made to rates described in the Building and Construction Industry Award – State 2003 (Northern Division Eastern District), the Clerical Employees Award – State 2002 (Northern Division Eastern District) or the Draftpersons, Production Planners, Engineering Assistants Award – State 2002 (Northern Division Eastern District) and Nursery Award – State 2003 (Northern Division Eastern District) as appropriate as determined in the QIRC State Wage Case of each year.
Rate Indexation. The rates of pay will be adjusted annually consistent with the decision of the Australian Fair Pay Commission or its equivalent Authority.
Rate Indexation. The rates of pay and loadings above will be adjusted by 2.5% annually on the first full pay period on or after 1 July each year as detailed in Appendix I.
Rate Indexation. The rates of pay will be reviewed on at least an annual basis. The Employer will consider the movement in the CPI and increases to pay rates handed down by the Australian Fair Pay Commission when reviewing the Agreement rates of pay.
Rate Indexation. The rates of pay will be adjusted by 3.5% annually on the first full pay period on or after 1 July each year as detailed in Appendix 1. Adjustments will be by the percentage increases in the Weighted Average 8 Capital Cities All Groups Consumer Price Index for Sydney, published by the Australian Bureau of Statistics for the 4 consecutive quarters ending at the March quarter for the previous 12 months. Whichever is the greater.
Rate Indexation. The rates of pay will be adjusted annually on the first full pay period on or after 1 July each year as detailed in appendix 1. The increase is subject to annual performance review based on criteria listed in 5.4 (iii)
Rate Indexation. The rates of pay will be adjusted by CPI (All Groups, Melbourne), effective from 1 October and for each year thereafter according to the CPI movement for the preceding period July to June in each year.