Document ID: chunk:federal_register_of_legislation:C2022C00264:clause:11_113
Version: federal_register_of_legislation:C2022C00264
Segment Type: clause
Provision Reference: sch 11 cl 113
Character Range: 458334–459392

113  Instalments of pension
 (1) Subject to subsection (1A), pensions shall be paid in fortnightly instalments on pension pay days.
 (1A) Partial invalidity pensions are to be paid in fortnightly instalments on contribution days.
 (2) The amount of a fortnightly instalment of pension shall be an amount ascertained by dividing the amount per annum of the pension by 26.
 (3) Where the amount of a fortnightly instalment of pension includes a fraction of a cent:
 (a) if the fraction is less than one‑half of a cent—the amount of the instalment shall be reduced by the amount of the fraction; or
 (b) if the fraction is not less than one‑half of a cent—the amount of the instalment shall be deemed to be increased by treating the fraction as 1 cent.
 (4) The amount of pension payable in respect of a day is one‑ fourteenth of the amount of a fortnightly instalment of the pension.
 (5) CSC may enter into an arrangement with a person's employer in relation to the payment of an instalment of partial invalidity pension to the person on a contribution day.