Document ID: chunk:federal_register_of_legislation:C2024C00866:section:59b
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 59B
Character Range: 1072881–1074180

59B  CPI Indexation Table
 (1) Subject to subsection (1A), 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 1979)      $2.60
                                                                            (b) 20 September   (b) June