Document ID: chunk:federal_register_of_legislation:F2016L01701:reg:13
Version: federal_register_of_legislation:F2016L01701
Segment Type: reg
Provision Reference: reg 13
Character Range: 10902–11698

13  Rate if instalment period straddles indexation day
 (1) This section applies if a pension is payable for a person for a period (the instalment period):
 (a) beginning before an indexation day; and
 (b) ending on or after the indexation day.
 (2) The rate of pension payable to the person for the instalment period, rounded to the nearest multiple of $0.10, is:
where:
daysafter means the number of days in the instalment period on and after the indexation day.
daysbefore means the number of days in the instalment period before the indexation day.
daysperiod means the number of days in the instalment period.
new rate is the rate of pension payable to the person on and after the indexation day.
old rate is the rate of pension payable to the person immediately before the indexation day.