Workers Compensation Act 1987

An adjustable amount for a year under a relevant provision must be calculated in accordance with the following formula—

If an amount calculated under subsection (1) for a year (the current year) would, for any reason, be less than the amount calculated for the previous year, the adjustable amount for the current year must be the same as the previous year.

If an amount calculated under subsection (1) for a year is expressed as including cents, the amount must be rounded up to the next higher whole number of dollars.

In this section—

for the 12 months starting on 1 April 2025—each of the amounts specified in a relevant provision, and

for each subsequent period of 12 months starting on 1 April in a year—the amount specified in a relevant provision as adjusted under this division.

the number prescribed by the regulations, or

if a number is not prescribed by the regulations—the WPI for December.

the following provisions—

sections 25, 34, 37 and 40,

Schedule 6, Part 19H, clause 2, and

the 1998 Act, section 297(2), and

the Workers’ Compensation (Dust Diseases) Act 1942, section 8(2B)(b)(i).