March quarter definition
Examples of March quarter in a sentence
These circulations will occur no later than June 5 (covering the July, August and September quarter), September 5 (covering the October November and December quarter), December 5 (covering the January, February and March quarter) and March 5 (covering the April, May and June quarter).
For the purpose of clause 10, Salary Increases, CPI will specifically mean the all groups percentage change in CPI (weighted average of eight capital cities) from the March quarter of the first year to the March quarter of the following year (e.g. March 2017 to March 2018) – as published in Catalogue No. 6401.0 by the Australian Bureau of Statistics (ABS).
Employees will enjoy annual percentage increases of 5% or the CPI % change of Perth for the March quarter, which ever is greater.
The percentage represents the average of the weighted average of capital cities CPI, March quarter to March quarter over the last three years.
In the absence of such mechanism, it is agreed that the CPI figure for the March quarter preceding the 1st of July increase each year shall be used to vary the applicable allowances.
The rates expressed in Schedule A - District Allowance of this Agreement will be adjusted administratively every twelve (12) months, effective from the first pay period to commence on or after the first day of July in each year, in accordance with the official Consumer Price Index (CPI) for Perth, as published for the preceding 12 months at the end of the March quarter by the Australian Bureau of Statistics.
Increases will be in accordance with the sum of the percentage increases in the Weighted Average 8 Capital Cities All Groups Consumer Price Index (the CPI), published by the Australian Bureau of Statistics for the 4 consecutive quarters ending at the March quarter prior to the review.
In this section 3.2, unless stated otherwise, a reference to the percentage change in the CPI is a reference to the percentage change between the March quarter CPI in the then current year and the March quarter CPI in the previous year.
The amount of the increase will be the annual percentage increase in the Consumer Price Index for Hobart (All Groups) for the 12 months ending in the March quarter of the same year.
The “annual percentage change in CPI” shall be calculated by taking the annual CPI change as at the March quarter of each year.