Service Agreement Indexation for funded organisations

2 December 2024
indexation
In Financial Year 2023-24 the Victorian government approved the application of a floating indexation rate from 2024-25 for Community Services Organisations (CSOs).

The formula for indexation is based on Fair Work minimum wage obligations (80%) and Consumer Price Index provided in the State Budget Papers (20%).

The CSO indexation rate for 2024-25 is 3.55%. 

The Department of Families, Fairness and Housing will be processing indexation in December, with payments expected prior to the end of the calendar year and backdated to 1 July 2024. 

Applicable indexation rates to organisations funded by Department of Health and Department of Education, but not covered under the CSO indexation rate, will also be applied during December.