Wage inflation and discount rates

The wage inflation and wage discount rates are provided to assist entities to calculate annual leave (if measured on a discounted basis) and long service leave entitlements.

The wage inflation and discount rates are published quarterly (monthly in the last quarter of the financial year, to assist entities in ascertaining their financial position for the year end).

As previously advised, the 2004 Model rates will no longer be published as it is quite dated.

Reviewed 02/01/2024
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