Indexation—weekly payments
82A Indexation—weekly payments
The amount of a weekly payment to a worker under Division 2 in respect of an injury is to be varied on each review date after the day on which the worker became entitled to weekly payments in respect of that injury, by varying the amount of the worker’s pre-injury average weekly earnings for the purposes of the calculation of the amount of the weekly payment in accordance with the formula—
where—
A is the amount of the worker’s pre-injury average weekly earnings within the meaning of Division 2 or, if that amount has been varied in accordance with this section, that amount as last so varied.
B is—
the number prescribed by the regulations, or
if a number is not prescribed by the regulations—the CPI for December of the previous year.
C is—
the number prescribed by the regulations, or
if a number is not prescribed by the regulations—the CPI for December of the year before the previous year.
In this section—
review date means 1 April in each year.
(Repealed)
The Authority is to declare, by order published on the NSW legislation website on or before each review date, the number that equates to the factor for the purposes of the variation required for that review date under this section.
A declaration made by an order published on the NSW legislation website after a review date for the purposes of the variation required for that review date under this section has effect as if the order were published before that review date.
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
- Insurance Premiums Order (January–June) 2006 · Regulation
- Insurance Premiums Order (January–June) 2007 · Regulation
- Insurance Premiums Order (January–June) 2008 · Regulation
29 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandum
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