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Veterans' Entitlements Amendment (Male Total Average Weekly Earnings Benchmark) Bill 1998
Schedule 1 Amendment of the Veterans’ Entitlements Act 1986

   

1  Subsection 198(1)

Insert:

December quarter means a quarter ending on 31 December.

2  Subsection 198(1)

Insert:

fortnightly MTAWE figure for a quarter means 1/26 of the annualised MTAWE figure for that quarter within the meaning of section 59EA.

3  Subsection 198(1)

Insert:

June quarter means a quarter ending on 30 June.

4  At the end of subsection 198(4)

Add:

Note:          The rate calculated under this section in substitution for the rate referred to in paragraph (e) of the definition of relevant rate may be increased under subsection (6) in certain cases.

5  After subsection 198(5D)

Insert:

             (6)  If:

                     (a)  a rate ( substituted rate ) is substituted for the rate specified in paragraph (e) of the definition of relevant rate because of an application of subsection (4) for a relevant period that starts after 20 September 1997; and

                     (b)  25% of the fortnightly MTAWE figure for whichever of the following quarters is applicable:

                              (i)  if the relevant period starts on a 20 March—the most recent December quarter;

                             (ii)  if the relevant period starts on a 20 September—the most recent June quarter;

                            exceeds the substituted rate;

this Act has effect as if there were substituted for the substituted rate a rate equal to:

                     (c)  the substituted rate increased by an amount equal to the excess; and

                     (d)  if the substituted rate (as increased under paragraph (c)) is not a multiple of $0.10, the substituted rate (as so increased) further increased by rounding up to the next highest multiple of $0.10.

             (7)  If:

                     (a)  a rate is not substituted for the rate ( unchanged rate ) specified in paragraph (e) of the definition of relevant rate because of an application of subsection (4) for a relevant period that starts after 20 September 1997; and

                     (b)  25% of the fortnightly MTAWE figure for whichever of the following quarters is applicable:

                              (i)  if the relevant period starts on a 20 March—the most recent December quarter;

                             (ii)  if the relevant period starts on a 20 September—the most recent June quarter;

                            exceeds the unchanged rate;

this Act has effect as if there were substituted for the unchanged rate a rate equal to:

                     (c)  the unchanged rate increased by an amount equal to the excess; or

                     (d)  if the unchanged rate (as increased under paragraph (c)) is not a multiple of $0.10, the unchanged rate (as so increased) further increased by rounding up to the next highest multiple of $0.10.

             (8)  If:

                     (a)  the rate of pension payable to a person is increased because of an application of subsection (6) or (7); and

                     (b)  in respect of the period from 19 March 1998 to the day on which the Veterans’ Entitlements Amendment (Male Total Average Weekly Earnings Benchmark) Act 1998 receives the Royal Assent, the person has been paid any ex gratia payments from the Commonwealth of an amount equal to the amount by which the pension payable to the person would increase as a result of that increase;

the amount of pension payable to the person in respect of that period is reduced by an amount equal to the amount of those ex gratia payments. However, the operation of this subsection is not taken to affect the rate of the pension payable to the person.

 

 

(47/98)

 

[ Minister's second reading speech made in

House of Representatives on 2 April 1998

Senate on 28 May 1998 ]