Document ID: chunk:federal_register_of_legislation:F2005B01231:body:0:p3
Version: federal_register_of_legislation:F2005B01231
Segment Type: other
Provision Reference: 
Character Range: 5322–8198

CPI less Old CPI by Old CPI is to be rounded up or down to the nearest one thousandth; and

               (C) the Board may reduce the amount where the pension, or on the death of a pensioner, the primary pension, was not payable for a half year before the relevant 1 January; and

               (D) any year that commenced before 1 July 1989 is excluded when determining Old CPI; and

               (E) if the Australian Statistician changes the reference base for the consumer price index, regard shall only be had to index numbers first published in terms of the new reference base.

     9.6.4 The increase in the pension calculated under Rule 9.6.3 applies to the instalment of pension falling due on the first pension payday after the relevant 31 December and to each subsequent instalment until next adjusted.

 Adjusting partial invalidity pensions

     9.6.5 Partial invalidity pensions are adjusted at such times as the Board determines (see Division 6 of Part 10)."

     2.2                   The definition of Notional Income in Rule 10.11.9 is replaced with the following definition:

     "Notional Income is the greater of:

              (a) $33,732, increased on 1 January 2002, and compounded each subsequent 1 July and 1 January, in accordance with the increases, if any, applying to pensions under Rule 9.6.1 and Rule 9.6.3; or

              (b) 75% of the annual rate of salary determined by the Board as that which would have been payable to the pensioner had he/she continued to be a member."

     2.3                   Paragraphs (a) and (b) of Rule 15.1.8 are replaced with the following paragraphs:

              "(a) beginning on 1 January or 1 July in a year; and

              (b) ending at the end of the first pension payday after that 1 January or 1 July;"

     2.4                   Paragraphs (a) and (b) of Rule 15.2.8 are replaced with the following paragraphs:

              "(a) beginning on 1 January or 1 July in a year; and

              (b) ending at the end of the first pension payday after that 1 January or 1 July;"

     2.5                   Paragraphs (a) and (b) of Rule 15.3.8 are replaced with the following paragraphs:

              "(a) beginning on 1 January or 1 July in a year; and

              (b) ending at the end of the first pension payday after that 1 January or 1 July;"

     3.                       The amendments of the Rules made by this Deed apply:

          (a) for the purpose of working out an increase in the rate of a pension that is payable immediately before:

              (i) the half year beginning on 1 January 2002; and

              (ii) each subsequent half year; and

          (b) for the purpose of working out the Notional Income (within the meaning of Rule 10.11.9) on or after 1 January 2002; and

          (c) for any other purpose related to the purposes