Victorian Numbered Acts

VICTORIAN INDEPENDENT REMUNERATION TRIBUNAL AND IMPROVING PARLIAMENTARY STANDARDS ACT 2019 (NO. 5 OF 2019) - SECT 60

In section 10(1) of the Principal Act—

        (a)     in the definition of "basic salary", for "means basic salary as defined in
section 3" substitute —

"but before the first Determination is made under section 17 of the Victorian Independent Remuneration Tribunal and Improving Parliamentary Standards Act 2019 means basic salary as defined in section 3, and in relation to any period commencing on or after the first Determination is made, means the basic salary portion indexed annually in respect of each relevant financial year—

        (a)     by the annual indexation of the basic salary portion as set out under section 17(5)(c) of the Victorian Independent Remuneration Tribunal and Improving Parliamentary Standards Act 2019 ; or

        (b)     by the annual increase in the All Groups Consumer Price Index number for Melbourne; or

        (c)     by the annual increase in full-time adult average weekly ordinary time earnings of employees in Victoria in original terms as published by the Australian Bureau of Statistics—

whichever results in the greater value;";

        (b)     after the definition of basic salary insert —

"" basic salary portion" means the basic salary portion set under section 17(5)(b) of the  Victorian Independent Remuneration Tribunal and Improving Parliamentary Standards
Act 2019 ;".