Commonwealth Numbered Acts

SUPERANNUATION ACT 1976 No. 31, 1976 - SECT 147

PART X-PENSION INCREASES
147. (1) In this Part, unless the contrary intention appears-

''pension to which this Part applies'' means a pension payable under this Act
other than-

   (a)  additional age retirement pension payable by virtue of paragraph 55
        (1) (b) or 55 (2) (b);

   (b)  additional early retirement pension payable by virtue of paragraph 59
        (b);

   (c)  spouse's additional pension payable by virtue of paragraph 89 (1) (b);

   (d)  spouse's additional pension payable by virtue of paragraph 93 (1) (b);
        or

   (e)  partial invalidity pension;

''prescribed year'' means the year commencing on 1 July 1977, and each
subsequent year;

''Statistician'' means the Australian Statistician.

(2) Subject to sub-section (3), if at any time, whether before or after the
commencement of this Act, the Statistician has published in respect of a
particular March quarter an all groups consumer price index number for the
weighted average of the 6 State capital cities in substitution for an index
number previously published by him in respect of that quarter, the publication
of the later index number shall be disregarded for the purposes of this Part.

(3) If at any time, whether before or after the commencement of this Act, the
Statistician has changed or changes the reference base for the Consumer Price
Index, then, for the purposes of the application of this Part after the change
took place or takes place, regard shall be had only to index numbers published
in terms of the new reference base.

(4) If the prescribed percentage for the purposes of section 148 is or
includes a fraction of one-tenth of 1 per centum-

   (a)  where that fraction is less than one-half of one-tenth-that fraction
        shall be disregarded; and

   (b)  where that fraction is not less than one-half of one-tenth-that
        fraction shall be treated as one-tenth.