Division
Glenn Lazarus by leave—I move amendments (1) to (3) on sheet 7625: (1) Clause 8, page 8 (line 4), after "wage", insert ", indexed in accordance with the method in section 8A". (2) Clause 8, page 8 (lines 15 to 22), omit subclause (5), substitute: (5) In this Act: _ actual wage_ means the total wages, worked out in accordance with the rules, that a person was paid in respect of all eligible days for the person. _ productivity_ _-scored wage_ means the total wages, worked out in accordance with the rules, that the person could reasonably have been expected to have been paid in respect of all eligible days for the person if the productivity component of a BSWAT assessment had comprised the whole of the BSWAT assessment. (3) Page 8 (after line 22), after clause 8, insert: 8A Indexation (1) This is how to index the excess of a productivity-scored wage over an actual wage for the purposes of paragraph 8(3)(a): _Method statement_ Step 1. Work out how much of the excess is attributable to wages in respect of eligible days for the person concerned in each financial year. Each such amount is the _annual portion_ for the financial year. Step 2. Multiply the oldest annual portion by the indexation factor specified in subsection (2) for the financial year to which that portion is attributable. If the result is not an amount of whole dollars, round the result up to the nearest whole dollar. Step 3. Take the result of step 2. Add to it any annual portion for the next financial year (unless it is the 2014-2015 financial year, in which case go to step 4). Multiply: (a) the total; or (b) if there is no annual portion for the next financial year—the result of step 2; by the indexation factor specified in subsection (2) for that next financial year. If the result is not an amount of whole dollars, round the result up to the nearest whole dollar. Reapply this step for each subsequent financial year up to and including the 2013-2014 financial year, substituting the result of the previous
Senate, 2014-11-24. negative: ayes 30, noes 31.
Question
Glenn Lazarus by leave—I move amendments (1) to (3) on sheet 7625: (1) Clause 8, page 8 (line 4), after "wage", insert ", indexed in accordance with the method in section 8A". (2) Clause 8, page 8 (lines 15 to 22), omit subclause (5), substitute: (5) In this Act: _ actual wage_ means the total wages, worked out in accordance with the rules, that a person was paid in respect of all eligible days for the person. _ productivity_ _-scored wage_ means the total wages, worked out in accordance with the rules, that the person could reasonably have been expected to have been paid in respect of all eligible days for the person if the productivity component of a BSWAT assessment had comprised the whole of the BSWAT assessment. (3) Page 8 (after line 22), after clause 8, insert: 8A Indexation (1) This is how to index the excess of a productivity-scored wage over an actual wage for the purposes of paragraph 8(3)(a): _Method statement_ Step 1. Work out how much of the excess is attributable to wages in respect of eligible days for the person concerned in each financial year. Each such amount is the _annual portion_ for the financial year. Step 2. Multiply the oldest annual portion by the indexation factor specified in subsection (2) for the financial year to which that portion is attributable. If the result is not an amount of whole dollars, round the result up to the nearest whole dollar. Step 3. Take the result of step 2. Add to it any annual portion for the next financial year (unless it is the 2014-2015 financial year, in which case go to step 4). Multiply: (a) the total; or (b) if there is no annual portion for the next financial year—the result of step 2; by the indexation factor specified in subsection (2) for that next financial year. If the result is not an amount of whole dollars, round the result up to the nearest whole dollar. Reapply this step for each subsequent financial year up to and including the 2013-2014 financial year, substituting the result of the previous
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Related bills
- Business Services Wage Assessment Tool Payment Scheme Bill 2014
- Business Services Wage Assessment Tool Payment Scheme (Consequential Amendments) Bill 2014
Only formal divisions leave a per-member record. A procedural vote is not necessarily a vote for or against a bill.