Document ID: chunk:federal_register_of_legislation:C2004A03334:body:0:p4
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(1), be deemed to have been payable to that person on that day.".

PART IV—AMENDMENTS OF THE SUPERANNUATION ACT 1922

Principal Act
11. The Superannuation Act 19223 is in this Part referred to as the Principal Act.

Modification of sections 46, 47 and 48
12. Section 124 of the Principal Act is amended by inserting in sub-sections (1), (2) and (3) "or decreased" after "increased".
13. After section 126 of the Principal Act the following section is inserted in Part XI:

Adjustment of increased rate
"127. Notwithstanding any other provision of this Act, where, because of the operation of another provision of this Part in relation to the prescribed year that commenced on 1 July 1986, the rate at which, but for this section, a pension would be payable on 10 October 1986 is higher than it would have been but for the operation of that provision of this Part, the rate at which that pension is payable is decreased, with effect from and including 10 October 1986, by the difference between the first-mentioned rate and the rate that would have been the first-mentioned rate if the prescribed percentage for the purposes of section 121 in relation to that prescribed year had been 7.2%.".

PART V—AMENDMENT OF THE SUPERANNUATION ACT 1976

Principal Act
14. The Superannuation Act 19764 is in this Part referred to as the Principal Act.
15. After section 153 of the Principal Act the following section is inserted in Part X:

Adjustment of increased rate
"153a. Notwithstanding any other provision of this Act, where, because of the operation of another provision of this Part in relation to the prescribed year that commenced on 1 July 1986, the rate at which, but for this section,

a pension would be payable on 10 October 1986 is higher than it would have been but for the operation of that provision of this Part, the rate at which that pension is payable is decreased, with effect from and including 10 October 1986, by the difference between the first-mentioned rate and the rate that would have been the first-mentioned rate if the prescribed percentage for the purposes of section 148 in relation to that prescribed year had been 7.2%.".

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

Modification
16. Regulation 111d of the Papua New Guinea (Staffing Assistance) (Superannuation) Regulations is amended by inserting in sub-sections (1), (2) and (3) "or decreased" after "increased".
17. After regulation 111e of the Papua New Guinea (Staffing Assistance) (Superannuation) Regulations the following regulation is inserted in Part XA of those Regulations:

Adjustment of increased rate
"111ea. Notwithstanding any other provision of these Regulations, where, because of the operation of another provision of