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Superannuation and Other Benefits Legislation Amendment Act 1986

No. 93 of 1986

TABLE OF PROVISIONS
PART I—PRELIMINARY
Section
   1. Short title
   2. Commencement

PART II—AMENDMENTS OF THE DEFENCE FORCE RETIREMENT AND DEATH BENEFITS ACT 1973

   3. Principal Act
        4. Rate of invalidity pay payable on reclassification during a prescribed year
   5. Commutation of pension benefits during a prescribed year
   6. Insertion of new section—
         98ga. Adjustment of increased rate

PART III—AMENDMENTS OF THE DEFENCE FORCES RETIREMENT BENEFITS ACT 1948

   7. Principal Act
        8. Rate of invalidity pension payable on reclassification during a prescribed year
   9. Commutation of pension benefits during a prescribed year
   10. Insertion of new section—
         84g. Adjustment of increased rate

PART IV—AMENDMENTS OF THE SUPERANNUATION ACT 1922

   11. Principal Act
   12. Modification of sections 46, 47 and 48
   13. Insertion of new section—
         127. Adjustment of increased rate

TABLE OF PROVISIONS—continued
Section

PART V—AMENDMENT OF THE SUPERANNUATION ACT 1976

   14. Principal Act
        15. Insertion of new section—
         153a. Adjustment of increased rate

PART VI—AMENDMENTS OF THE PAPUA NEW GUINEA (STAFFING ASSISTANCE) (SUPERANNUATION) REGULATIONS

        16. Modification
        17. Insertion of new regulation—
         111ea. Adjustment of increased rate
        18. Future amendments, &c.

Superannuation and Other Benefits Legislation Amendment Act 1986

No. 93 of 1986

An Act to amend certain Acts and Regulations relating to Superannuation and similar Benefits, and for related purposes

[Assented to 13 October 1986]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

PART I—PRELIMINARY

Short title
1. This Act may be cited as the Superannuation and Other Benefits Legislation Amendment Act 1986.

Commencement
2. This Act shall come into operation, or shall be deemed to have come into operation, as the case requires, on 10 October 1986.

PART II—AMENDMENTS OF THE DEFENCE FORCE RETIREMENT AND DEATH BENEFITS ACT 1973

Principal Act
3. The Defence Force Retirement and Death Benefits Act 19731 is in this Part referred to as the Principal Act.

Rate of invalidity pay payable on reclassification during a prescribed year
4. Section 98f of the Principal Act is amended by adding at the end the following sub-section:
"(2) In ascertaining for the purposes of sub-section (1), in relation to a reclassification that has effect on or after 10 October 1986, the rate at which a pension benefit would have been payable to a person at the commencement of the prescribed year that commenced on 1 July 1986, the prescribed percentage for the purposes of section 98b in relation to that prescribed year shall, notwithstanding any other provision of this Act, be deemed to be 7.2%.".

Commutation of pension benefits during a prescribed year
5. Section 98g of the Principal Act is amended