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8.1.2 Historical rate increases - S39(1), 1971 Act

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The statutory rates for lump-sum compensation under the 1971 Act were increased on a regular basis to protect the value of the compensation from the effects of inflation. This table sets out the dates of increase in statutory rates under Ss39–42 of the Compensation (Commonwealth Government Employees) Act 1971 and the applicable maximum rate under Ss39(1) and (3) of that Act.

Date of Rate Increase

Maximum Rate – S39(1),(3)

1 September 1971

$13,500

2 November 1972

$14,500

16 November 1974

$20,000

1 September 1976

$25,000

1 September 1979

$28,000

1 September 1980

$32,500

1 September 1981

$35,500

1 May 1982

$37,150

1 November 1982

$40,320

1 May 1983

$42,000

1 November 1983

$44,010

1 May 1984

$46,400

1 November 1984

$49,690

1 May 1985

$49,990

1 November 1985

$51,290

1 May 1986

$52,980

13 December 1986

$54,620

13 June 1987

$56,700

13 December 1987

$57,780

13 June 1988

$59,980