Document ID: chunk:federal_register_of_legislation:C2004A04148:body:0:p12
Version: federal_register_of_legislation:C2004A04148
Segment Type: other
Provision Reference: 
Character Range: 39788–42587

were replaced with the amount that is the pension under 13 child add-on for the purposes of Part 3.16 (Indexation) of the Social Security Act on that day.

"(2) This Act has effect as if, on 1 January each year, each pension 13-15 child add-on were replaced with the amount that is the pension 13-15 child add-on for the purposes of Part 3.16 (Indexation) of the Social Security Act on that day.

Adjustment of pension guardian allowance

"59g. This Act has effect as if, on 1 January each year, the pension guardian allowance were replaced with the amount that is the pension guardian allowance for the purposes of Part 3.16 (Indexation) of the Social Security Act on that day.

Adjustment of pension "single" non-property owner AVL

"59h. This Act has effect as if, on 13 June each year, the amount worked out in accordance with the following formula were substituted for the pension 'single' non-property owner AVL:

where:

pension 'single' property owner AVL is the current figure, as at that 13 June, for the pension 'single' property owner AVL;
pension 'partnered' non-property owner AVL is the current figure, as at that 13 June, for the pension 'partnered' non-property owner AVL;

SCHEDULE 1—continued

pension 'partnered' property owner AVL is the current figure, as at that 13 June, for the pension 'partnered' property owner AVL.

Adjustment of special illness separated resident AVL

"59j. This Act has effect as if, on 13 June each year, the amount worked out in accordance with the following formula were substituted for each special illness separated retirement village resident AVL:

Adjustment of fringe benefits AVLs

"59k. (1) This Act has effect as if, on 13 June each year, the amount worked out in accordance with the following formula were substituted for the fringe benefits 'single' non-property owner AVL:

where:

fringe benefits 'single' property owner AVL is the current figure, as at that 13 June, for the fringe benefits 'single' property owner AVL;

pension 'partnered' non-property owner AVL is the current figure, as at that 13 June, for the pension 'partnered' non-property owner AVL;

pension 'partnered' property owner AVL is the current figure, as at that 13 June, for the pension 'partnered' property owner AVL.

"(2) This Act has effect as if, on 13 June each year, the amount worked out in accordance with the following formula were substituted for the fringe benefits 'partnered' non-property owner AVL:

where:

fringe benefits 'partnered' property owner AVL is the current figure, as at that 13 June, for the fringe benefits 'partnered' property owner AVL;

pension 'partnered' non-property owner AVL is the current figure, as at that 13 June, for the pension 'partnered' non-property owner AVL;

SCHEDULE 1—continued

pension 'partnered' property owner