Document ID: chunk:federal_register_of_legislation:F2024L01404:clause:5_8
Version: federal_register_of_legislation:F2024L01404
Segment Type: clause
Provision Reference: sch 5 cl 8
Character Range: 34962–37774

8   Section 15.2A.12
    Repeal the section, substitute:

15.2A.12 Rate of cost of living adjustment
1.           The cost of living adjustment is calculated using the following formula.

             Where:
             A                                                                                                                                                                                                                                is the member's fortnightly salary plus any of the following payable to the member.
                                                                                                                                                                                                                                              a.                                                                                                Higher duties allowance.
                                                                                                                                                                                                                                              b.                                                                                                A salary non-reduction supplement provided under section 3.2.56.
                                                                                                                                                                                                                                              Note: No other allowances are to be included.
             B                                                                                                                                                                                                                                is the Pay As You Go tax and any levies withheld from the fortnightly salary calculated under A.
             C                                                                                                                                                                                                                                is the spendable salary factor determined by a data service provider.
             D                                                                                                                                                                                                                                is the post index for the member's posting location.
         1.  Note: The dual Commonwealth benefit rule under section 15.2A.9 does not apply to the cost of living adjustment. A member will receive this adjustment even if their partner also receives the adjustment or comparable benefit.
2.           The cost of living adjustment is paid fortnightly.