Document ID: chunk:federal_register_of_legislation:C2004C00462:section:10:p2
Version: federal_register_of_legislation:C2004C00462
Segment Type: section
Provision Reference: s 10 (pt 2/4)
Character Range: 17348–20048

pension rate applicable to him reduced to such extent as is determined by the Board on the advice of the Commonwealth Actuary.

the normal additional pension contribution, in relation to a person contributing on retirement for additional benefits, means such amount as is determined by the Board on the advice of the Commonwealth Actuary.

the normal pension rate, in relation to a person contributing on retirement for additional benefits, means the rate at which pension would have been payable to him under the Defence Forces Retirement Benefits Act 1948‑1959 if this Act, and section fifty‑eight of the Defence Forces Retirement Benefits Act 1959, had not been enacted.

the prescribed day, in relation to a person to whom this section applies, means the day occurring one month after service by the Board on the person of the statement referred to in subsection (6) of this section.

 (3) The Commonwealth Actuary shall, in advising the Board in relation to a person for the purposes of the last preceding subsection, have regard:
 (a) to the contributions (other than a contribution paid to the Fund for the purposes of this section) that the person has paid or is liable to pay to the Fund;
 (b) to the number of units of pension for which the person was contributing immediately before the fourteenth day of December, One thousand nine hundred and fifty‑nine;
 (c) to any election made by the person under section forty‑seven of the Defence Forces Retirement Benefits Act 1959;
 (d) to the rate at which pension would have been payable to the person under the Defence Forces Retirement Benefits Act 1948‑1959 if this Act, and section fifty‑eight of the Defence Forces Retirement Benefits Act 1959, had not been enacted;
 (e) to the age of the person on the date of his retirement; and
 (f) to such other matters as the Commonwealth Actuary considers should, in accordance with actuarial principles, be taken into account.

 (4) A person to whom this section applies is entitled, on retirement, in lieu of a pension under section forty‑three of the Defence Forces Retirement Benefits Act 1948‑1959, to a pension in accordance with this section.

 (5) The rate at which pension is payable to a person under this section is:
 (a) if, before the prescribed day, the person pays to the Fund, for the purposes of this section, a contribution of an amount that is equal to the maximum additional pension contribution applicable to him—the maximum pension rate applicable to him;
 (b) if, before the prescribed day, the person (being a person not contributing on retirement for additional benefits) pays to the Fund, for the purposes of this section, a contribution of an amount that is less than the