Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SOCIAL SECURITY ACT 1991 - SECT 1203

Adjustment of pension "single non - homeowner" AVL

    This Act has effect as if, on 1   July each year, the amount worked out in accordance with the following formula were substituted for the pension "single" non - homeowner AVL:

Start formula "single" homeowner AVL plus 2 times open bracket "partnered" non-homeowner AVL minus "partnered" homeowner AVL close bracket end formula

where:

""partnered" homeowner AVL" is the current figure, as at that 1   July, for the pension "partnered" homeowner AVL.

""partnered" non-homeowner AVL" is the current figure, as at that 1   July, for the pension "partnered" non - homeowner AVL.

""single" homeowner AVL" is the current figure, as at that 1   July, for the pension "single" homeowner AVL.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback