New South Wales Consolidated Acts

WORKERS COMPENSATION ACT 1987 - SECT 82BA

82BA Indexation--compensation amount for workers with highest needs

(1) The amount
"A" is to be varied on each review date, in accordance with the formula--

"A" is the amount of $788.32 specified in section 38A or, if that amount has been varied in accordance with this section, that amount as last so varied.

"B" is--

(a) the CPI for the December quarter immediately prior to the review date when the review date is 1 April, or

(b) the CPI for the June quarter immediately prior to the review date when the review date is 1 October.

"C" is--

(a) the CPI for the June quarter immediately prior to the review date when the review date is 1 April, or

(b) the CPI for the December quarter immediately prior to the review date when the review date is 1 October.

(2) In this section--

"CPI" means the consumer price index (All Groups Index) for Sydney issued by the Australian Statistician.

"review date" means 1 April and 1 October in each year.

(3) The Authority is to declare, by order published on the NSW legislation website on or before each review date, the amount that is to apply as the amount specified in section 38A as varied in accordance with this section.

(4) A declaration made by an order published on the NSW legislation website after a review date for the purposes of the variation required for that review date under this section has effect as if the order were published before that review date.