Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if, at the operative time, a standard pension is payable in respect of the original interest.
Reduction of pensions
(2) If the standard pension is not a retirement pension, the rate of the pension is reduced to the amount calculated under the Pension Orders.
(3) If the standard pension is a retirement pension, the annual rate of the pension is worked out as follows:
(a) work out the annual rate of the pension under section 6A, 6B or 6C;
(b) reduce that rate to the amount calculated under the Pension Orders.
(4) If section 16 applies in relation to the retirement pension, the annual rate worked out under paragraph (3)(a) must take into account a reduction of the pension under that section.
Effect of reduction on other pensions
(5) If:
(a) the annual rate of a retirement pension of a retired Judge is reduced under subsection (3); and
(b) a pension under section 8 later becomes payable because the Judge dies;
then, for purposes of section 8, the rate of the pension that would have been payable to the Judge is the rate worked out for the retirement pension under subsection (3) of this section (disregarding subsection (4)).
(6) If the annual rate of a retirement pension is reduced under this section, the reduction is to be disregarded in working out the rate of any non - standard pension that later becomes payable.