Table 2: Rates to be used with the 2004 Long Service Leave Model Year % Wage inflation rate* 201011 4.500 Discount rates*** 1 Year 4.790 2 Years 4.910 3 Years 5.040 4 Years 5.110 5 Years 5.240 6 Years 5.300 7 Years 5.380 8 Years 5.420 9 Years 5.450 10 Years 5.485 11 Years 5.530 12 Years 5.530 * Average of forward estimates of the rates as assumed in the plus 1% for promotion and growth 201011 Budget Update (3.5% + 1%) ** The annual effective rate is based on the 10 year rate for semiannual coupon bonds RBA’s *** Source: Reserve Bank of Australia Indicative Mid Rates of Commonwealth Government Securities 2009current, . – –
Table 2: Rates to be used with the 2004 Long Service Leave Model Year % Wage inflation rate* 201011 4.500 Discount rates*** 1 Year 4.790 2 Years 4.910 3 Years 5.040 4 Years 5.110 5 Years 5.240 6 Years 5.300 7 Years 5.380 8 Years 5.420 9 Years 5.450 10 Years 5.485 11 Years 5.530 12 Years 5.530 * Average of forward estimates of the rates as assumed in the 201011 Budget Update plus 1% for promotion and growth (3.5% + 1%) ** The annual effective rate is based on the RBA’s 10 year rate for semiannual coupon bonds *** Source: Reserve Bank of Australia – Indicative Mid Rates of Commonwealth Government Securities – 2009current, .
Wage%20inflation%20and%20discount%20rates%20compiled%2031%20May%202011%20to%2030%20September%202018.docx