Document ID: chunk:federal_register_of_legislation:C2004A04148:body:0:p10
Version: federal_register_of_legislation:C2004A04148
Segment Type: other
Provision Reference: 
Character Range: 32146–37615

SCHEDULE 1—continued

"Subdivision B—CPI indexation

CPI Indexation Table

"59b. (1) 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:

CPI INDEXATION TABLE

column 1              column 2                          column 3           column 4                                              column 5                                                                                            column 6
item                  amount                            indexation day(s)  reference quarter most recent before indexation day)  base quarter                                                                                        rounding base
                      Maximum basic rates
 1.                   pension MBR                       (a) 20 March       (a) December                                          highest June or December quarter before reference quarter but not earlier than June quarter 979)    $2.60

                                                        (b) 20 September   (b) June
                      Permissible child earnings
2.                    permissible child earnings limit  1 January          June                                                  highest June quarter before reference quarter                                                       $0.05
                      Rent assistance
3.                    pension MRA                       (a) 20 March       (a) December                                          highest June or December quarter before reference quarter (but not earlier than June quarter 1979)  $2.60

                                                        (b) 20 September   (b) June

SCHEDULE 1—continued

            CPI INDEXATION TABLE—continued
 column I                                    column 2                                     column 3            column 4                                                column 5                                                                                           column 6
  item                                       amount                                       indexation day(s)   reference quarter (most recent before indexation day)   base quarter                                                                                       rounding base
                                            Income free areas
 4.                                         pension free area                           1 July               March                                                   most recent March quarter before reference quarter                                                  $26.00
 5.                                         fringe benefits income free area            (a) 20 March         (a) December                                            highest June or December quarter before reference quarter (but not earlier than June quarter 1979)  $52.00
                                                                                        (b) 20 September     (b) June

                                            Assets value limits
6.                                          pension "single" property owner AVL         13 June              December                                                most recent December quarter before reference quarter                                               $250.00
7.                                          pension "partnered" property owner AVL      13 June              December                                                most recent December quarter before reference quarter                                               $250.00
8.                                          pension "partnered" non-property owner AVL  13 June              December                                                most recent December quarter before reference quarter                                               $250.00

SCHEDULE 1—continued

CPI INDEXATION TABLE—continued

 column 1                        column 2                                         column 3           column 4                                                column 5                                              column 6
  item                           amount                                           indexation day(s)  reference quarter (most recent before indexation day)   base quarter                                          rounding base
9.                              fringe benefits "single" property owner AVL     13 June              December                                               most recent December quarter before reference quarter  $250.00
10.                             fringe benefits "partnered" property owner AVL  13 June              December                                               most recent December quarter before reference quarter  $250.00

SCHEDULE 1—continued

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.

Indexation of amounts

"59c. (1) If an amount is to be indexed under this Subdivision on an indexation day, this Act has effect as if the indexed amount were substituted for that amount on that day.

"(2) This is how to work