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DEFENCE FORCE RETIREMENT AND DEATH BENEFITS (PENSION INCREASES) ACT 1976 No. 34 of 1976 - SECT 6
Increase in certain pensions for 1973-74.
6. (1) Subject to this Part, if-
(a) the all groups consumer price index number for the weighted average of
the 6 State capital cities published by the Statistician in respect of
the March quarter of the year 1973 exceeds the all groups consumer
price index number for the weighted average of the 6 State capital
cities published by the Statistician in respect of the June quarter of
the year 1971; and
(b) the estimate of the seasonally adjusted average weekly earnings per
employed male unit throughout the Commonwealth published by the
Statistician in respect of the March quarter of the year 1973 exceeds
the estimate of the seasonally adjusted average weekly earnings per
employed male unit throughout the Commonwealth published by the
Statistician in respect of the June quarter of the year 1971, a person
who was in receipt of a pension (other than a pension payable to or in
respect of an eligible child) immediatley before 1 July 1973 is
entitled to an increase, as ascertained in accordance with this
section, in the amount of the annual pension that was payable to him
immediately before that date.
(2) The increase provided for by sub-section (1) in the amount of the annual
pension payable to a person immediately before 1 July 1973, is the prescribed
percentage of the non-contributory portion of the amount of the annual
pension.
(3) For the purposes of this section, the prescribed percentage is whichever
is the lower of-
(a) 1.4 times the percentage that represents A-B expressed as a percentage
of B; or
(b) the percentage that represents C-D expressed as a percentage of D,
where-
A is the all groups consumer price index number for the weighted average of
the 6 State capital cities published by the Statistician in respect of the
March quarter of the year 1973;
B is the all groups consumer price index number for the weighted average of
the 6 State captial cities published by the Statistican in respect of the June
quarter of the year 1971;
C is the estimate of the seasonally adjusted average weekly earnings per
employed male unit throughout the Commonwealth published by the Statistician
in respect of the March quarter of the year 1973; and
D is the estimate of the seasonally adjusted average weekly earnings per
employed male unit throughout the Commonwealth published by the Statistician
in respect of the June quarter of the year 1971.
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