Document ID: chunk:federal_register_of_legislation:C2009A00081:clause:5_34a:p1
Version: federal_register_of_legislation:C2009A00081
Segment Type: clause
Provision Reference: sch 5 cl 34A (pt 1/2)
Character Range: 153231–155853

34A  Increases in rates payable under clause 30 related to Carbon Pollution Reduction Scheme

Application
 (1) This clause applies if:
 (a) clause 30 affects the rate at which service pension is payable to a person for a day on or after 1 July 2011; and
 (b) subclause 31(1) or (2) is relevant to the person; and
 (c) Subdivision D or E of Division 5 of Part XII applies to the person.

Purpose
 (2) The purpose of this clause is to ensure appropriate increases in the rate of the person's service pension (as affected by clause 30 and while the person is not a war widow/war widower‑pensioner) on account of the Carbon Pollution Reduction Scheme's estimated cost of living increase, by:
 (a) providing for increases in the amount described in subparagraph 30(4)(a)(i) of this Schedule; and
 (b) modifying the operation of Subdivisions D and E of Division 5 of Part XII (which apply because of clause 34).

Increase on 1 July 2011
 (3) If Subdivision D of Division 5 of Part XII applies to the person, this Act has effect as if, on 1 July 2011, the amount described in subparagraph 30(4)(a)(i) of this Schedule (apart from this subclause) for the person were replaced by the amount worked out by:
 (a) adding the CPRS amount defined in subsection 198Y(3) for the person (worked out disregarding clause 34) to the amount described in subparagraph 30(4)(a)(i) of this Schedule on that day (apart from this subclause); and
 (b) if the amount resulting from paragraph (a) is not a multiple of $2.60, rounding the amount up or down to the nearest multiple of $2.60 (rounding up if the amount is a multiple of $1.30).

Increase on 1 July 2012
 (4) If Subdivision E of Division 5 of Part XII applies to the person, this Act has effect as if, on 1 July 2012, the amount described in subparagraph 30(4)(a)(i) of this Schedule (apart from this subclause) for the person were replaced by the amount worked out by:
 (a) adding the CPRS amount defined in subsection 198ZB(3) for the person (worked out disregarding clause 34) to the amount described in subparagraph 30(4)(a)(i) of this Schedule on that day (apart from this subclause); and
 (b) if the amount resulting from paragraph (a) is not a multiple of $2.60, rounding the amount up or down to the nearest multiple of $2.60 (rounding up if the amount is a multiple of $1.30).

Modification of Division 5 of Part XII
 (5) Subsections 198Z(1) and 198ZC(1), and the definition of brought forward CPI indexation amount (except paragraph (a) of that definition) in each of subsections 198Z(4) and 198ZC(4), apply in relation to the amount described in subparagraph 30(4)(a)(i) of this