Commonwealth Numbered Acts

SEAFARERS REHABILITATION AND COMPENSATION ACT 1992 No. 234, 1992 - SECT 23

23.(1) In this section:

"commencing day" means the day on which this section commences;

"index number", in relation to a quarter, means the All Groups Consumer Price
Index number, being the weighted average of the 8 capital cities, published by
the Australian Statistician in respect of that quarter;

"relevant amount" means the amount specified in subsection 29(3), (4) or (5),
30(2), 31(9), (10) or (11), 39(9), 41(2), 43(2) or (4) or 44(1);

"relevant year" means the period of 12 months starting on 1 July 1992, and
each later period of 12 months.

(2) Subject to subsection (3), if (whether before, on or after the
commencing day) the Australian Statistician has published or publishes an
index number in respect of a quarter in substitution for an index number
previously published in respect of that quarter, the publication of the later
index number must be disregarded for the purposes of this section.

(3) If (whether before, on or after the commencing day) the Australian
Statistician has changed or changes the reference base for the Consumer Price
Index, then, for the purposes of the application of this section after the
change took place or takes place, regard must only be had to the index number
published in terms of the new reference base.

(4) If the factor worked out under subsection (5) in relation to a relevant
year is greater than one, this Act has effect as if for each relevant amount
there were substituted, on the first day of that relevant year, an amount
worked out by multiplying by that factor:

   (a)  if, because of one or more other applications of this section, this
        Act has effect as if another amount or amounts were substituted for
        the relevant amount-the substituted amount or the last substituted
        amount; or

   (b)  in any other case-the relevant amount.

(5) The factor worked out in relation to a relevant year is the number
(calculated to 3 decimal places) worked out by dividing the index number of
the December quarter immediately before the relevant year by the index number
for the December quarter immediately before that first-mentioned December
quarter.

(6) If the factor worked out in relation to a relevant year would, if it were
calculated to 4 decimal places, end with a number greater than 4, the factor
in relation to that relevant year is taken to be the factor calculated to 3
decimal places in accordance with that subsection and increased by 0.001.