Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This regulation is made for paragraph 1 (2) (b) of Schedule 3 to the Act.
(2) For the financial year commencing on 1 July 2008, and for each subsequent financial year:
(a) the percentage is the percentage of the reference salary
which, when applied to the reference salary, reduces
the reference salary by
the amount (in whole dollars)
by which the reference salary was increased by
the Remuneration Tribunal for the financial year commencing on 1 July 2008;
and
(b) the reference salary is the reference salary for Band A
of the Principal Executive Office classification for the relevant financial
year, set out in:
(i) Remuneration Tribunal Determination 2005/19; or
(ii) another determination of the Remuneration Tribunal that deals with the reference salary for Band A of the Principal Executive Office classification.