Common use of Rate Indexation Clause in Contracts

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. Rates of pay will be adjusted from the first full pay period on or after 1 JulyNovember. Rates will not be adjusted until 2007. 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 September 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. Rates The rates of pay will be adjusted from annually on the first full pay period on or after 1 JulyJuly each year. Increases Adjustments will be in accordance with by 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 preceding 12 months or 2.5%, whichever is the lesser of pay the two. Increases will be 3.2 percent. The rate of pay will be increased rounded to the nearest 10 cents. Where there has been no increase or a decrease in the CPI, the rates will not be variedcent.