Meaning of AWE indexed for amount
18 Meaning of AWE indexed for amount
In this Act:
AWE indexed, for an amount, means the amount as adjusted in line with any adjustment in the AWE—
after the commencement of the provision in which the amount appears; and
on a day (an indexation day) prescribed by regulation for the amount; and
rounded up to the nearest—
for an amount referred to in section 96, section 97 or section 103—dollar; or
in any other case—whole $10.
However, if an amount to be AWE indexed would, if adjusted in line with the adjustment (the negative adjustment) to the AWE, become smaller, the amount is not reduced in line with the negative adjustment.
An amount that, in accordance with subsection (2), is not reduced may be increased in line with an adjustment in the AWE that would increase the amount only to the extent that the increase, or part of the increase, is not one that would cancel out the effect of the negative adjustment.
Subsection (3) does not apply to a negative adjustment once the effect of the negative adjustment has been offset against an increase in line with an adjustment in the AWE.
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