(1) This section applies to a veteran:
(a) to whom section 23, 24 or 25 applies; or
(b) who is granted a loss of earnings allowance under section 108;
in respect of the incapacity of the veteran from a war - caused injury or a war - caused disease if the veteran has received an amount of compensation, whether before or after the commencement of this section, under section 24, 25 or 27 of the Safety, Rehabilitation and Compensation (Defence - related Claims) Act 1988 for that injury or disease, or any other injury or disease, in relation to some other incapacity of the veteran.
(2) That amount of compensation is to be converted to a fortnightly amount in accordance with advice from the Australian Government Actuary.
(3) The rate at which:
(a) a pension is payable to the person under section 23, 24 or 25; or
(b) a loss of earnings allowance under section 108 is payable to the person;
apart from this section, is reduced, but not below zero, by the fortnightly amount worked out under subsection (2) of this section.