Defence Forces Retirement Benefits (Prescribed Contributors) (No. 2) Regulations (Cth)

STATUTORY RULES

1966 No. 41

 

REGULATIONS UNDER THE DEFENCE FORCES RETIREMENT BENEFITS ACT 1963-1965*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Defence Forces Retirement Benefits Act 1963-1965.

Dated this third day of February, 1966.

CASEY

Governor-General.

By His Excellency’s Command,

Treasurer.

 

Amendment of the Defence Forces Retirement Benefits (Prescribed Contributors) (No. 2) Regulations 

Commencement.

1. These Regulations shall come into operation on the fourteenth day of February, 1966.

Fortnightly contributions payable by members (other than officers) on change to higher category.

2. Regulation 4 of the Defence Forces Retirement Benefits (Prescribed Contributors) (No. 2) Regulations is amended by omitting sub-regulation (4.) and inserting in its stead the following sub-regulation:—

“(4.) For the purposes of this regulation, f is the difference between—

(a) the number of dollars in the amount ascertained by multiplying the amount of Ninety-one dollars by the number that is the category number of the member immediately after the change in category and multiplying the result by the factor set out in the third column of the Second Schedule to the Defence Forces Retirement Benefits Act 1948-1965 opposite to the number of years set out in the second column of that Schedule that is the number of years of service for pension that the member will have completed when his obligation to make the additional contributions required by Part IV. of the Act to be made by him as a result of the change in category will have ceased; and

(b) the number of dollars in the amount ascertained by multiplying the amount of Ninety-one dollars by the number that was the category number of the member immediately before the change in category and multiplying the result by the factor referred to in the last preceding paragraph,

 

* Notified in the Commonwealth Gazette on 10 February, 1960.

  Statutory Rules 1954, No. 52.

14/66.—Price 6d. (5c) 10/28.1.1966

 

but, where the amount ascertained in accordance with paragraph (a) or (b) of this sub-regulation includes an amount of cents—

(c) if that last-mentioned amount is less than Fifty cents—the amount ascertained in accordance with that paragraph shall be deemed to be reduced by that last-mentioned amount; and

(d) in any other case—the amount ascertained in accordance with that paragraph shall be deemed to be increased by treating the cents as One dollar.”.

 

By Authority: A. J. Arthur Commonwealth Government Printer, Canberra.