Explanatory memorandum
This memorandum is not part of the determination, but is intended to indicate its general effect.
This determination, which is deemed to have come into force on 1 January 2011, increases the annuity payable to a person who has held the office of Prime Minister for a period or periods amounting in all to not less than 2 years, and the annuity payable to the surviving spouse or partner of such a Prime Minister.
In the case of a former Prime Minister, the yearly rate that forms the basis for calculating the annuity is increased from $8,750 to $9,100, with the maximum annuity payable being increased from $43,750 to $45,500.
In the case of the surviving spouse or partner of a former Prime Minister, the yearly rate that forms the basis for calculating the annuity is increased from $4,375 to $4,550, with the maximum annuity payable being increased from $21,875 to $22,750.
This determination continues the past practice of adjusting the annuities by having regard to growth in the Consumers Price Index, and growth in Prime Ministerial remuneration.
This determination expires on 31 December 2011.