Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to subsection (1A), an amount referred to in the following CPI Indexation Table is to be indexed under this Division on each indexation day for the amount, using the reference quarter and base quarter for the amount and indexation day and rounding off to the nearest multiple of the rounding amount:
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CPI Indexation Table |
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Column 1 Item |
Column 2 |
Column 3 Indexation day(s) |
Column 4 Reference quarter (most recent before indexation day) |
Column 5 Base quarter |
Column 6 Rounding base |
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Maximum basic rates |
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1. |
pension MBR |
(a) 20 March (b) 20 September |
(a) December (b) June |
highest June or December quarter before reference quarter (but not earlier than June quarter 1979) |
$2.60 |
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1A |
PS rate |
(a) 20 March (b) 20 September |
(a) December (b) June |
highest June or December quarter before reference quarter (but not earlier than June quarter 2009) |
$5.20 |
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1B |
PS minimum rate |
(a) 20 March (b) 20 September |
(a) December (b) June |
highest June or December quarter before reference quarter (but not earlier than June quarter 2009) |
$5.20 |
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1C |
PS basic rate |
(a) 20 March (b) 20 September |
(a) December (b) June |
highest June or December quarter before reference quarter (but not earlier than December quarter 2008) |
$2.60 |
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Rent assistance |
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3. |
pension MRA |
(a) 20 March (b) 20 September |
(a) December (b) June |
highest June or December quarter before reference quarter (but not earlier than June quarter 1979) |
$5.20 |
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3A. |
(a) 20 March (b) 20 September |
(a) December (b) June |
highest June or December quarter before reference quarter (but not earlier than June quarter 1979) |
$5.20 |
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Income free areas |
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4. |
pension free area |
1 July |
March |
most recent March quarter before reference quarter |
$52.00 |
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6. |
pension single property owner AVL |
1 July |
December |
most recent December quarter before reference quarter |
$250.00 |
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7. |
1 July |
December |
most recent December quarter before reference quarter |
$250.00 |
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8. |
1 July |
December |
most recent December quarter before reference quarter |
$250.00 |
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8A |
1 July |
December |
most recent December quarter before reference quarter |
$250.00 |
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8B. |
Exempt funeral investment threshold |
1 July |
December |
most recent December quarter before reference quarter |
$250.00 |
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Income/assets reduction limit |
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9. |
IARL basic reduction |
(a) 20 March (b) 20 September |
(a) December (b) June |
highest June or December quarter before reference quarter (but not earlier than June quarter 1979) |
$2.60 |
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Deeming thresholds |
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11. |
Deeming threshold individual |
1 July |
March |
highest March quarter before reference quarter (but not earlier than March 1994 quarter) |
$200.00 |
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12. |
Deeming threshold couple |
1 July |
March |
highest March quarter before reference quarter (but not earlier than March 1994 quarter) |
$200.00 |
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Primary production attribution threshold |
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13. |
Primary production attribution threshold |
1 July |
December |
Most recent December quarter before reference quarter |
$250.00 |
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Maximum transitional service pension rates |
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14. |
(a) 20 March (b) 20 September |
(a) December (b) June |
highest June or December quarter before reference quarter (but not earlier than June quarter 2008) |
$2.60 |
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15. |
(a) 20 March (b) 20 September |
(a) December (b) June |
highest June or December quarter before reference quarter (but not earlier than June quarter 2008) |
$2.60 |
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(1A) The pension MBR amount (item 1 of table) is not to be indexed on 20 March 1993.
Highest quarter
(2) A reference in the CPI Indexation Table to the highest of a group of quarters is a reference to the quarter in that group that has the highest index number.
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