Table 2: Harvest Schedule Indexation Mechanism Cost Fixed or Proportion of costs component Variable Assumptions budgeting Fuels and Oils Variable Shell Terminal Gate Price (Melbourne) less GST Input Tax Credit less Off Road Use Rebate Ground-based: 14.0% – Average price at 1 July. Cable: 10.5% Labour Variable Timber Industry Award 2010 Level 5 employee Ground-based: 28.0% – Workers compensation, Victorian levy rate code A0303K (%) gazetted industry rate Cable: 35.0% Legislated rate for superannuation contributions by employer Tyres, Variable ABS Producer Price Indexes Stage 1, Commodities (Domestic and Imports) Catalogue 6427. Ground-based: 11.9% Repairs and Cable: 10.5% Maintenance Finance and Variable ABS Consumer Price Index, Insurance (Miscellaneous) Catalogue 6401 Ground-based: 11.9% Insurance Cable: 10.5% Administration Variable ABS Consumer Price Index, all groups, and all capital cities Ground-based: 4.2% and Cable: 3.5% Overheads Capital Variable Adjusted each year in line with costs 30.0% component – depreciation Table 3: Haulage Schedule Indexation Mechanism component Fixed or Assumptions/ Source Starting Variable proportion and Oils Variable Shell Terminal Gate Price (Melbourne) less GST Input Tax Credit less Off Road Use Rebate 24.5% – Average price at 1 July. Labour Variable Timber Industry Award 2010 Level 5 employee 23.1% –
Table 2: Harvest Schedule Indexation Mechanism Cost component Fixed or Variable Assumptions Proportion of costs budgeting Fuels and Oils Variable Shell Terminal Gate Price (Melbourne) less GST Input Tax Credit less Off Road Use Rebate – Average price at 1 July. Ground-based: 14.0% Cable: 10.5% Labour Variable Timber Industry Award 2010 – Level 5 employee Workers compensation, Victorian levy rate code A0303K (%) gazetted industry rate Legislated rate for superannuation contributions by employer Ground-based: 28.0% Cable: 35.0% Tyres, Repairs and Maintenance Variable ABS Producer Price Indexes Stage 1, Commodities (Domestic and Imports) Catalogue 6427. Ground-based: 11.9% Cable: 10.5% Finance and Insurance Variable ABS Consumer Price Index, Insurance (Miscellaneous) Catalogue 6401 Ground-based: 11.9% Cable: 10.5% Administration and Overheads Variable ABS Consumer Price Index, all groups, and all capital cities Ground-based: 4.2% Cable: 3.5% Capital component – depreciation Variable Adjusted each year in line with costs 30.0% Table 3: Haulage Schedule Indexation Mechanism component Fixed or Variable Assumptions/ Source Starting proportion and Oils Variable Shell Terminal Gate Price (Melbourne) less GST Input Tax Credit less Off Road Use Rebate – Average price at 1 July. 24.5% Labour Variable Timber Industry Award 2010 – Level 5 employee 23.1%
Attachment-1_FIC-Schedule-Haulage-and-Harversting-Plantation-Sector-20152.DOCX