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Section : Method for indexing the fee
Domain : Human Resource Management
Classification : Not Identified
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previous March year means the period of 12 months immediately preceding the most recent March year. quarter means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.
- (5) The result under subregulation (4) must be rounded up or down to 3 decimal places, rounding up if the result ends in 0.0005.
- (6) A calculation under subregulation (4):
- (a) is to be made using the index numbers published in terms of the most recently published reference base for the Consumer Price Index; and
- (b) is to be made disregarding index numbers that are published in substitution for previously published index numbers (unless the substituted numbers are published to take account of changes in the reference base).