Section 404 MRCA
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 (CPI) 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 11.1.3] Indexation Timetable.
Summary of rates, limits and thresholds
The Comp & Support Reference Library displays both current and historic amounts, which can be accessed via the following link Current Payment Rates | CLIK