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11.1.1 Overview of Statutory Increases

    

Last amended: 15 August 2013

What is indexation

Indexation is the process of indexing amounts to maintain their value against increases in the cost of living and average earnings. Most amounts are reviewed against movements in the Consumer Price Index [glossary:(:]CPI[glossary:):] while some payment amounts are set in relation to payments under the Veterans' Entitlements Act 1986. Some amounts are not indexed.

Indexation timetable

Amounts are adjusted annually or biannually, depending on the payment. The indexation date and method for each amount is determined by legislation. [See paragraph [glossary:11.1.3:] Indexation timetable].

Summary of rates, limits and thresholds

The Comp & Support Reference Library displays both current and historic amounts.     


The consumer price index (CPI) provides the official measure of inflation in Australia. The CPI measures quarterly changes in the price of a 'basket' of goods and services which account for a high proportion of expenditure by the CPI population group (i.e. metropolitan households).

The consumer price index (CPI) provides the official measure of inflation in Australia. The CPI measures quarterly changes in the price of a 'basket' of goods and services which account for a high proportion of expenditure by the CPI population group (i.e. metropolitan households).