Document ID: chunk:federal_register_of_legislation:C2004A00163:section:12
Version: federal_register_of_legislation:C2004A00163
Segment Type: section
Provision Reference: s 12
Character Range: 13271–13951

12  Commutation of pensions on and after 1 July 1974

 (1) Section 74 of the Defence Forces Retirement Benefits Act 1948‑1973 does not authorize the commutation of a pension in so far as the pension has been increased by virtue of this Part.

 (2) Where, on or after 1 July 1974, a portion of the pension of a person who is entitled to an increase in the rate of his pension under this Part is commuted, then, as from the date on which that portion of his pension is so commuted, the annual amount of his pension shall be reduced to such amount as would, on 1 July 1974, have been the annual amount of the pension if he had commuted that portion of his pension on 29 June 1974.