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Friday, 24 August 1923

Mr LAZZARINI (Werriwa) '.- I suggest that the Treasurer make the Bill retrospective to the beginning' of the financial* year.. During the past week or two we have- Had many instances' of legislation, being made retrospective, and the Government might very well follow them in connexion with this Bill. The amount involved' would not be very large, but it would certainly be a boon to the pensioners.

Dr Earle Page - The Government have decided that when assent has been given tb the Bill, .the first fortnightly payment thereafter will contain the increased' amount of pension.

Clause agreed to.

Clause 3 -

Section 17 of the- principal Act is amended by omitting from paragraph (e)- thereof the1 words "Three 'hundred and ten:" and: inserting in, their stead, the words " Four, hundred."

Dr. EARLEPAGE (Cowper- Treasurer' [4.0]. - This clause- deals- with the amount of property which an old-age1 pensioner, may have without ceasing to derive benefit under- the Act. At present the' amount fixed ia £310, and the value of' the pension payable declines at the rate- of '£1 for every £10 worth of pro-i party. The present statutory exemption: of £50' is being maintained. If a pensioner has property valued- at £390, he will, under the Bill, be able to draw a pension to the1 value of £11 10s. per year.

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