Document ID: chunk:federal_register_of_legislation:F2005C00024:body:0:p3
Version: federal_register_of_legislation:F2005C00024
Segment Type: other
Provision Reference: 
Character Range: 5174–7713

(5) If:
 (a) a person to whom an associate pension is payable would be entitled to an increase in the rate at which the associate pension was payable to him or her immediately before the commencement of the prescribed half-year; and
 (b) the associate pension became payable in relation to a member spouse's pension that first became payable to the member spouse on or before 16 June or 16 December (as the case requires) in the preceding half-year;
the amount of the increase is an amount calculated in accordance with the formula:

where:
full increase means the amount of the increase that would have been applicable but for this subsection.
number of months in period means the number of months in the period that began on the day on which the member spouse's pension became payable and ended on 30 June or 31 December in the preceding half-year.

 (6) If the period referred to in subsection (5) is less than 1 month, that period is treated as 1 month.

 (7) If the period referred to in subsection (5) consists of a number of whole months and a part of a month:
 (a) where the number of days in that part of that month is less than one-half of the number of days in that month — that part is disregarded; and
 (b) where the number of days in that part of that month is more than one-half of the number of days in that month — that part is treated as a whole month.

 (8) In this section:
preceding half-year, in relation to a pension, means the half‑year immediately preceding the prescribed half-year.

2.04 Commutation of small associate pension — amount

 (1) For subsection 80C (1) of the Act, the amount is $1 303.03.

 (2) On 1 January 2005, the amount mentioned in subsection (1) is indexed in accordance with section 2.05.

 (3) On 1 July 2005, and on 1 January and 1 July in each year following 2005, the indexed amount in force immediately before that date is indexed in accordance with section 2.05.

2.05 Indexation of amount for small associate pension

 (1) If the all groups consumer price index number for the weighted average of the 8 capital cities published by the Statistician in respect of the first quarter of the half-year before the date of the indexation (factor A) exceeds the highest all groups consumer price index number for the weighted average of the 8 capital cities published by the Statistician in respect of the first quarter of any earlier half-year, not being a half‑year earlier than the half-year that commenced on 1 January 2004 (factor B), the amount is increased at the rate worked out in