Common use of Rate Indexation Clause in Contracts

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 and loadings above will be adjusted by 2.52% annually on the first full pay period on or after 1 July each year as detailed in Appendix appendix I.