6345.0 - Labour Price Index, Australia, Jun 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/08/2012   
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CHANGES IN FUTURE ISSUES


RECENT DEVELOPMENTS

As part of work program reductions caused by the tight budget situation facing the ABS in 2012-13, the ABS is discontinuing the non-wage and labour price indexes. The last data in these series can be found in the September quarter 2011 edition of this publication. Wage price indexes are unaffected by the reductions and will continue to be produced.


DISCONTINUED INDEXES

Four non-wage indexes were constructed and published annually each September quarter. These indexes were first compiled for the 2001-02 financial year, and cover:

  • annual and public holiday leave index
  • superannuation index
  • payroll tax index
  • workers' compensation index.

These four non-wage indexes were combined with the total hourly rates of pay indexes to produce two total labour price indexes:
  • labour price index including bonuses
  • labour price index excluding bonuses.

These indexes have been discontinued with the last data in the series relating to the 2010-11 financial year. Historical data for these indexes can be found in the September quarter 2011 edition of this publication, and the corresponding time series spreadsheets on the ABS website.


WAGE PRICE INDEX

The wage price indexes, which do not include non-wage components, will be unaffected by the above changes and will continue to be published quarterly. The four wage price indexes are:
  • ordinary time hourly rates of pay excluding bonuses index
  • ordinary time hourly rates of pay including bonuses index
  • total hourly rates of pay excluding bonuses index
  • total hourly rates of pay including bonuses index.

To reflect the change in content, this publication will be known as Wage Price Index, Australia from the September quarter 2012. The catalogue number (6345.0) will remain the same.


TIMING OF CHANGES

These changes will take effect from the September quarter 2012 issue of this publication.


FURTHER INFORMATION

To obtain further information on the impact of these changes please contact John Jones on (08) 9360 5296 or email labour.price.index@abs.gov.au.