Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) In this section:
"category B amount" means an amount set out in column 3 of item 2 of Table B in point SCH6 - B1.
(2) If:
(a) a category B amount is to be indexed under this Subdivision on an indexation day; and
(b) 50% of the combined couple benchmark for that indexation day exceeds the indexed amount for the category B amount;
then:
(c) the indexed amount for the category B amount is to be increased by an amount equal to the excess; and
(d) if the indexed amount for the category B amount (as increased under paragraph (c)) is not a multiple of $2.60, the indexed amount (as increased under paragraph (c)) is to be further increased by rounding up to the next highest multiple of $2.60.
(2A) For the purposes of this section, the combined couple benchmark , for an indexation day, is 41.76% of the annualised MTAWE figure for whichever of the following quarters is applicable:
(a) if the indexation day is a 20 March--the most recent December quarter;
(b) if the indexation day is a 20 September--the most recent June quarter.
(3) For the purposes of this section, the annualised MTAWE figure for a quarter is 52 times the amount set out for the reference period in the quarter under the headings "Average Weekly Earnings of Employees, Australia--Males--All males--Total earnings--ORIGINAL" in a document published by the Australian Statistician entitled "Average Weekly Earnings, States and Australia".
(4) If at any time (whether before or after the commencement of this section), the Australian Statistician publishes the amount referred to in subsection (3):
(a) under differently described headings (the new headings ); or
(b) in a document entitled otherwise than as described in subsection (3) (the new document );
then the annualised MTAWE figure is to be calculated in accordance with subsection (3) as if the references to:
(c) "Average Weekly Earnings of Employees, Australia--Males--All males--Total earnings--ORIGINAL"; or
(d) "Average Weekly Earnings, States and Australia";
were references to the new headings and/or the new document, as the case requires.
(5) For the purposes of this section, the reference period in a particular quarter is the period described by the Australian Statistician as the pay period ending on or before a specified day that is the third Friday of the middle month of that quarter.
(6) If at any time (whether before or after the commencement of this section), the Australian Statistician publishes an amount in substitution for a particular amount previously published by the Australian Statistician, the publication of the later amount is to be disregarded for the purposes of this section.
(7) In this section:
"December quarter" means a quarter ending on 31 December.
"June quarter" means a quarter ending on 30 June.