(1) For the purposes
of this Act, the general maximum amount is $243 991.
Note for this subsection:
$243 991 is the
prescribed amount under the Workers’ Compensation and Injury Management
Act 1981 on the date of introduction into Parliament of the Bill for this
Act. The amount may be updated under section 566.
(2) For the purposes
of this section, each of the following amounts is an adjustable amount
—
(a) the
general maximum amount;
(b) the
maximum weekly rate of income compensation prescribed for the purposes of
section 53;
(c) the
maximum board and lodging daily amount prescribed for the purposes of
section 58;
(d) the
maximum amount for provision of a wheelchair or similar appliance prescribed
for the purposes of section 86;
(e) a
rate specified by the regulations under section 90(4) for an expense
referred to in section 90;
(f) the
eligible dependent child allowance prescribed for the purposes of
section 134;
(g) the
funeral expenses maximum amount prescribed for the purposes of
section 135;
(h) the
maximum damages amount for less than 25% impairment prescribed for the
purposes of section 424.
(3) The regulations
may vary an adjustable amount, including by providing for the periodic
variation of an adjustable amount in accordance with a specified methodology
(an adjustment methodology ).
(4) The regulations
may provide for different adjustment methodologies for different adjustable
amounts.
(5) If, for a
particular period, variation under the regulations of an adjustable amount
would reduce the amount, the amount must not be varied for the period.