GOVERNMENT PRICES OVERSIGHT (MAIB PREMIUMS) ORDER 2006 (S.R. 2006, NO. 101)

(1) In this clause –
May reference period means the quarter that commences on the first day of March in any year;
quarter means a period of 3 months commencing on the first day of March, June, September or December in any year.

(2) The escalator index for the second year and third year in respect of a motor vehicle of any class is to be calculated in accordance with the following formula:

where –

"E"
is the escalator index for the second year or third year, as the case requires; and

"A"
is the average of the AWOTE for the four quarters ending with the May reference period immediately preceding the second year or third year, as the case requires; and

"B"
is the average of the AWOTE for the four quarters immediately preceding the four quarters referred to in the definition of "A".

Tasmanian Numbered Regulations

GOVERNMENT PRICES OVERSIGHT (MAIB PREMIUMS) ORDER 2006 (S.R. 2006, NO. 101) - REG 4

where –
	"E"	is the escalator index for the second year or third year, as the case requires; and
	"A"	is the average of the AWOTE for the four quarters ending with the May reference period immediately preceding the second year or third year, as the case requires; and
	"B"	is the average of the AWOTE for the four quarters immediately preceding the four quarters referred to in the definition of "A".