Document ID: chunk:federal_register_of_legislation:C2010C00246:clause:2_45
Version: federal_register_of_legislation:C2010C00246
Segment Type: clause
Provision Reference: sch 2 cl 45
Character Range: 62958–63709

45  1 July 2000 increase in rate of certain pensions

(1) If, on or after 1 July 2000, a pension is payable to a person because of the operation of subsection 4(6) or 10(1) of the Veterans' Entitlements (Transitional Provisions and Consequential Amendments) Act 1986, the rate at which the pension is payable is the amount that is 4% greater than the rate at which the pension was payable to the person immediately before 1 July 2000.

(2) The amount is to be rounded as follows:
 (a) if the pension is payable because of subsection 4(6) of the Veterans' Entitlements (Transitional Provisions and Consequential Amendments) Act 1986—to the nearest cent (rounding 0.5 cents upwards);
 (b) otherwise—to the nearest ten cents (rounding 5 cents upwards).