The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

1.1.R.70 Recent index number, base index number

Usage

This definition applies to all payments.

Definition: recent index number

In relation to the indexation (1.1.I.100) of a payment, the recent index number is the index number for the second last quarter before the day on which the first of those indexed payments is to be made.

Example: CPI.

Definition: base index number

The base index number is the index number for the same quarter as the recent index number but for the immediately preceding year.

Act reference: SSAct section 9A Meaning of asset-test exempt income stream - lifetime income streams, section 9B Meaning of asset-test exempt income stream - life expectancy income streams

Last reviewed: 20 September 2022

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