You are here

MTAWE

Document

Last amended: 15 August 2013

What is MTAWE?

    

VEA →

Certain indexed amounts to be increased in line with increases in Male Total Average Weekly Earnings

Section 59EA VEA

VEA → (go back)

MTAWE is a measure of the Male Total Average Weekly Earnings paid in Australia in the measurement period. MTAWE is calculated by the Australian Bureau of Statistics. It is produced for the June and and December quarters. The reference period used in each quarter is the last pay period ending on or before the third Friday of the middle month of the reference quarter (i.e. May and November).  The MTAWE figure is commonly referred to by the middle month of the reference quarter. For example, the MTAWE figure for the December quarter is known as the November figure because the reference period is in November. The MTAWE figure is normally published around eleven weeks after the reference period.

Payments affected by MTAWE

The partnered maximum basic rate [glossary:(:]MBR[glossary:):] of service pension is the only amount directly affected by MTAWE. A number of payments are indirectly affected by MTAWE through the pension MBR factor or through benchmarking against the partnered MBR.


MTAWE is an amount set by the Australian statistician and published in a document called 'Average Weekly Earning, States and Australia'. Section 59EA of VEA specifies that certain income support indexed amounts are increased in line with increases in MTAWE. The first MTAWE increase of $6.80 per fortnight in the single rate of service pension occurred on 26 March 1998.

 

 

According to Schedule 6-B1 of the VEA a MBR is the person's maximum rate is ascertained at the date of grant of the designated pension, and is the maximum annual pension rate payable at the date of grant (excluding allowances).

 

 

According to Schedule 6-B1 of the VEA a MBR is the person's maximum rate is ascertained at the date of grant of the designated pension, and is the maximum annual pension rate payable at the date of grant (excluding allowances).

 

 

The pension MBR factor is the percentage increase in the 'not a member of a couple' service pension maximum basic rate. It is used for the indexation of some payments, limits and thresholds. The factor is calculated each time the rate of service pension is indexed and is equal to the new 'not a member of a couple' MBR divided by the previous 'not a member of a couple' MBR.