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Superannuation Legislation Amendment (Indexation) Bill 2001
Schedule 3 Defence Force Retirement and Death Benefits Act 1973

   

Defence Force Retirement and Death Benefits Act 1973

1  Subsection 98A(1)

Insert:

first quarter , in relation to a half-year, means:

                     (a)  for a half-year beginning on 1 January in a year—the March quarter of the year; and

                     (b)  for a half-year beginning on 1 July in a year—the September quarter of the year.

2  Subsection 98A(1)

Insert:

half-year means a period of 6 months beginning on 1 January or 1 July in any year.

3  Subsection 98A(1)

Insert:

prescribed half-year means the half-year commencing on 1 January 2002 or a subsequent half-year.

4  Subsection 98A(1) (definition of prescribed year )

Repeal the definition.

5  Subsection 98A(2)

Omit “March quarter”, substitute “first quarter in a half-year”.

6  Subsection 98B(1)

Omit “March quarter” (wherever occurring), substitute “first quarter”.

7  Subsection 98B(1)

Omit “year” (wherever occurring), substitute “half-year”.

8  Subsection 98B(2)

Omit “year” (wherever occurring), substitute “half-year”.

9  Subsection 98B(3)

Omit “year” (wherever occurring), substitute “half-year”.

10  Subsection 98B(3)

Omit “March quarter” (wherever occurring), substitute “first quarter”.

11  Subsection 98B(4)

Omit “year” (wherever occurring), substitute “half-year”.

12  Subsection 98B(5A)

Omit “March quarter” (wherever occurring), substitute “first quarter”.

13  Subsection 98B(5A)

Omit “year” (wherever occurring), substitute “half-year”.

14  Paragraph 98B(5B)(a)

Repeal the paragraph, substitute:

                     (a)  in relation to the prescribed half-year that commenced on 1 July 2001—the amount that was the existing amount in relation to that provision, as calculated under this section immediately before the commencement of [this amending item] ; and

15  Paragraph 98B(5B)(b)

Omit “year”, substitute “half-year”.

16  Subsection 98B(7)

Omit “30 June” (wherever occurring), substitute “30 June or 31 December (as the case requires)”.

17  Subsection 98B(7)

Omit “year” (wherever occurring), substitute “half-year”.

18  Section 98C

Omit “year” (wherever occurring), substitute “half-year”.

19  Subsection 98D(1)

Omit “year” (wherever occurring), substitute “half-year”.

20  Subsection 98D(2)

Omit “year” (wherever occurring), substitute “half-year”.

21  Subsection 98D(3)

Omit “16 June in the preceding year”, substitute “16 June or 16 December (as the case requires) in the preceding half-year”.

22  Subsection 98D(4)

Omit “16 June in the preceding year”, substitute “16 June or 16 December (as the case requires) in the preceding half-year”.

23  Subsection 98D(4)

Omit “30 June in the preceding year bears to 12”, substitute “30 June or 31 December (as the case requires) in the preceding half-year bears to 6”.

24  Section 98E

Omit “30 June in a year”, substitute “30 June or 31 December (as the case requires) in a half-year”.

25  Subsection 98F(1)

Omit “year” (wherever occurring), substitute “half-year”.

Note:       The heading to section 98F is altered by omitting “ year ” and substituting “ half-year ”.

26  Subsection 98F(2)

Repeal the subsection.

27  Subsection 98F(3)

Omit “year” (wherever occurring), substitute “half-year”.

28  Subsection 98G(2)

Omit “year” (wherever occurring), substitute “half-year”.

Note:       The heading to section 98G is altered by omitting “ year ” and substituting “ half-year ”.

29  Subsection 98G(3)

Repeal the subsection.

30  Sections 98GA and 98GB

Repeal the sections.

31  Application

(1)        The amendments and repeals made by this Schedule apply:

                     (a)  for the purpose of working out an increase in the rate of a pension benefit that is payable immediately before:

                              (i)  the prescribed half-year beginning on 1 January 2002; and

                             (ii)  each subsequent prescribed half-year; and

                     (b)  for any other purpose related to the purpose mentioned in paragraph (a).

(2)        To avoid doubt, the amendments and repeals made by this Schedule do not affect any increase in the rate of a pension benefit that arose from the operation of any provision amended or repealed by this Schedule.

 

 

[ Minister’s second reading speech made in—

House of Representatives on 28 June 2001

Senate on 20 September 2001 ]

 

 

(134/01)