What is MTAWE?
Certain indexed amounts to be increased in line with increases in Male Total Average Weekly Earnings
Section 59EA VEA
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.