Document ID: chunk:federal_register_of_legislation:C2009A00081:clause:5_198w
Version: federal_register_of_legislation:C2009A00081
Segment Type: clause
Provision Reference: sch 5 cl 198W
Character Range: 125719–127264

198W  Special rules for indexation of increased rate of disability pension on or after 20 March 2013
 (1) A factor worked out under subsection 198(5) or 198D(5) for indexation of an amount provided for by an item of the table in subsection 27(1) on a day that is on or after 20 March 2013 is, for the purposes of that indexation, to be reduced by the brought forward CPI indexation amount, but not below 1.
Note: Once the brought forward CPI indexation amount becomes 0, there will be no further reduction of the factor.
Example: Assume that the factor worked out under subsection 198(5) on 20 March 2013 is 1.005. The brought forward CPI indexation amount in relation to 20 March 2013 is 0.008 (as there has been no previous reduction). That factor is reduced to 1 on 20 March 2013.
 Further assume that on 20 September 2013 the factor worked out under subsection 198(5) is 1.010. The brought forward CPI indexation amount in relation to 20 September 2013 is 0.003. That factor is reduced to 1.007 on 20 September 2013.
 The brought forward CPI indexation amount in relation to later indexation days is now 0 so there is no further reduction of the factor.
 (2) In this section:
brought forward CPI indexation amount, in relation to a day, means 0.008 less any reduction made under subsection (1) for a previous day.
 (3) This section affects the rate of a payment under this Act for a person if, and only if, section 198S affected that rate for the person.

Subdivision D—Increases in certain persons' service pension relating to 1 July 2011