Wage Price Index definition

Wage Price Index or “WPI” means the Seasonally Adjusted Wage Price Index using the most recent March quarter to the corresponding quarter of the previous year percentage change; based on total hourly rates of pay excluding bonuses for Australia (Series ID A83895396W) as first reported by the Australian Bureau of Statistics (ABS).

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Wage Price Index or “WPI” means the Seasonally Adjusted Wage Price Index using the most recent December quarter to the corresponding quarter of the previous year percentage change;

Wage Price Index means the Wage Price Index with Series ID A2638819F published by the Australian Bureau of Statistics and if there is any suspension or discontinuance in the publication of the Wage Price Index with Series ID A2638819F, then until publication of the Wage Price Index with Series ID A2638819F is resumed, the Wage Price Index shall mean the index that measures changes in the price of labour services resulting from market pressures and which is the closest equivalent to the Wage Price Index with Series ID A2638819F (as determined by the Principal’s Representative acting reasonably). WHS Legislation means legislation relating to health and safety at work including:

Examples of Wage Price Index in a sentence

• Equivalent to the increase in the March 2025 quarter Australian Capital Territory Wage Price Index (total hourly rates of pay excluding bonuses) since the previous corresponding quarter.

• Equivalent to the increase in the March 2026 quarter Australian Capital Territory Wage Price Index (total hourly rates of pay excluding bonuses) since the previous corresponding quarter.

• Whilst in Term, fees for each Module will be adjusted every 12 months from the Service Start Date by the greater of (a) the annual CPI (All Groups) over the last 12 months ending in the most recent quarter or (b) the annual WPI (Wage Price Index) over the last 12 months ending in the most recent quarter or (c) 2%, with the increase being capped in all cases at 4%.

• WPI0 is 126.9 corresponding to the Wage Price Index, Australia 6345.0, Total Hourly rates of pay excluding bonuses (Seasonally Adjusted ‐ All Sectors) published by the Australian Bureau of Statistics for the September 2017 quarter.

• WPI1 is the Wage Price Index, Australia 6345.0: Total Hourly rates of pay excluding bonuses (Seasonally Adjusted ‐ All Sectors) published by the Australian Bureau of Statistics for the March quarter immediately preceding the relevant anniversary of the Commencement Date.

• The WPI rate will be determined by the Wage Price Index Table 3b.

• The Price for an additional service that is subject to this price review mechanism will vary on each anniversary of the Commencement Date as follows: VP = (WPI1 / WPI0) x P WPI1 is the Wage Price Index, Australia 6345.0: Total Hourly rates of pay excluding bonuses (Seasonally Adjusted ‐ All Sectors) published by the Australian Bureau of Statistics for the March quarter immediately preceding the relevant anniversary of the Commencement Date.

• The Fee increase may not be more than the change in the Wage Price Index (the private sector seasonally adjusted index) for the preceding 12 months, as published by the Australian Bureau of Statistics.

• The amount of funding for support referred to in Article 13(3) (Cost of Development Activities) of this Agreement for all Development Activities specified in Part II of this Annex shall not exceed a cap of AUD$120 million (with the balance of the cap Indexed using the Australian Bureau of Statistics, Wage Price Index, Catalogue No.

• Chief Integrated Rating Indexed in accordance with the Wage Price Index (WPI) Total hourly rates of pay excluding bonuses, Original, Private sector based on the % change between the March quarter of the previous year and March quarter of the current year.

More Definitions of Wage Price Index

Wage Price Index means the wage price index (Table 2b: Total hourly rates of pay, excluding bonuses, SA; Private and public: All industries) as published by the Australian Bureau of Statistics or its successor (or any index so published in substitution for that index), indexed for the year ending 30 June 2018 as the base year.

Wage Price Index means the Seasonally Adjusted Wage Price Index using the most recent December quarter to the corresponding quarter of the previous year change; based on the total hourly rates of pay excluding bonuses for Australia as provided by the Australia Bureau of Statistics. Employee Obligations

Wage Price Index means the Wage Price Index for the Australian Capital Territory as published by the Australian Statistician (or such person or office which fulfils the relevant function fulfilled by the Australian Statistician at the commencement of the Licence). In the event that the Wage Price Index is adjusted (for example by changing the base index number or changing the year of the base index number), or there is any suspension or discontinuance of the Wage Price Index by the Australian Statistician, then the Wage Price Index will mean such index figure or statistic published at the relevant dates in the Australian Statistician’s summary of Australian statistics which reflects fluctuations in the wages in Canberra and which the parties may mutually agree upon, and if they are unable to agree then such index figure or statistic as may be determined by the President for the time being of the Australian Property Institute or some person nominated by the President whose decision will be conclusive and binding. This definition will apply notwithstanding that there may be significant changes over time in the composition and weighting of the items by reference to which the Wage Price Index is calculated.