This note is not part of the regulations, but is intended to indicate their general effect.
These regulations provide for the indexation, as at 1 November 1999, of weekly compensation and various minimum and other amounts under the Accident Insurance Act 1998.
They also provide for indexation of compensation and amounts under the former Accident Rehabilitation and Compensation Insurance Act 1992 in respect of injuries occurring before 1 July 1999.
It should be noted that—
(b) Certain minimum amounts and compensation based on those minimum amounts will not be indexed as at 1 November 1999, since the 1998 Act increased these amounts on 1 July 1999 to a level that would exceed any indexation adjustment over the last year. Equivalent amounts under the Accident Rehabilitation and Compensation Insurance Act 1992 are however increased to meet these new levels.
Apart from the above matters, the regulations are generally similar to the previous indexation regulations under the former Accident Rehabilitation and Compensation Insurance Act 1992. Regulation 6 does however reflect the different treatment of the abatement of weekly compensation under the new Accident Insurance Act 1998.