Document ID: chunk:federal_register_of_legislation:C2024C00866:section:198:p1
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 198 (pt 1/3)
Character Range: 1824787–1827457

198  Variation of rates of certain pensions

Definitions
 (1) In this section, unless the contrary intention appears:
above general rate means the following rates:
 (a) the rate under subsection 22(4);
 (b) the rate under subsection 23(4);
 (c) the rate under subsection 24(4).
adjustment day means 20 September or 20 March.
brought‑forward CPI indexation amount for a relevant period means 0.007 less any reduction made under paragraph (5)(c) in relation to an earlier relevant period.
December quarter means a quarter ending on 31 December.
fortnightly MTAWE figure for a quarter means 1/26 of the annualised MTAWE figure for that quarter within the meaning of section 59EA.
index number, in relation to a quarter, means the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Statistician in respect of that quarter.
June quarter means a quarter ending on 30 June.
pension MBR factor means the pension MBR factor worked out under section 59LA.
relevant period means:
 (a) the period that started on 15 November 1989 and ended on 17 April 1990; and
 (b) the period that started on 18 April 1990 and ended on 19 September 1990; and
 (c) the period of 6 months that started on 20 September 1990; and
 (d) each later period of 6 months (other than the period of 6 months that started on 20 September 1992).
relevant rate means:
 (d) the rate specified in item 1, 2, 3, 4, 5 or 6 in the table in subsection 27(1) (in column 2);
 (e) the amount specified in paragraph 30(1)(c).
Statistician means the Australian Statistician.

Changes in index numbers
 (2) Subject to subsection (3), if at any time, whether before or after the commencement of this Act, the Statistician has published or publishes an index number in respect of a quarter in substitution for an index number previously published by the Statistician in respect of that quarter, the publication of the later index number shall be disregarded for the purposes of this section.
 (3) If at any time, whether before or after the commencement of this Act, the Statistician has changed or changes the index reference period for the consumer price index, then, for the purposes of the application of this section after the change took place or takes place, regard shall be had only to index numbers published in terms of the new index reference period.

Indexation of each relevant rate
 (4) Where the factor ascertained, in relation to a relevant period, in accordance with subsection (5) is greater than 1, this Act has effect as if for each relevant rate there were substituted, on the first day of that period:
 (a) subject to the other paragraphs of this