Military Superannuation and Benefits Amendment Trust Deed 2004 (No. 5) (Cth)

Military Superannuation and Benefits Amendment Trust Deed 2004 (No. 5)

I, DE-ANNE MARGARET KELLY, Minister for Veterans’ Affairs, for the Minister for Defence, make this Trust Deed under subsection 5 (1) of the Military Superannuation and Benefits Act 1991.

Dated 23 December 2004

DE-ANNE KELLY

Minister for Veterans’ Affairs

for the Minister for Defence

Contents

1Name of Trust Deed  2

2Commencement  2

3Amendment of Military Superannuation and Benefits Trust Deed           2

Schedule 1Amendment taken to have commenced on 1 July 2004               2

Schedule 2Amendments commencing on gazettal  2

1. Name of Trust Deed

This Trust Deed is the Military Superannuation and Benefits Amendment Trust Deed 2004 (No. 5).

1. Commencement

This Trust Deed commences, or is taken to have commenced, as follows:

(a)on 1 July 2004 — sections 1 to 3 and Schedule 1;

(b)on the date of the notification of this Trust Deed in the Gazette — Schedule 2.

1. Amendment of Military Superannuation and Benefits Trust Deed

Schedules 1 and 2 amend the Military Superannuation and Benefits Trust Deed made under the Military Superannuation and Benefits Act 1991.

Schedule 1          Amendment taken to have commenced on 1 July 2004

(section 3)

[1]          Subrule 96 (1)

omit

$1 300,

insert

$1 303.03,

Schedule 2          Amendments commencing on gazettal

(section 3)

[1]          Subrules 56 (1) and (2)

omit each mention of

March quarter and September quarter

insert

March quarter or September quarter

[2]          Subrule 96 (2)

substitute

(2)On 1 January 2005, the amount mentioned in subrule (1) is indexed in accordance with rule 97.

(2A)On 1 July 2005, and on 1 January and 1 July in each year following 2005, the indexed amount in force immediately before that date is indexed in accordance with rule 97.

[3]          Subrule 97 (1)

substitute

(1)If the all groups consumer price index number for the weighted average of the 8 capital cities published by the Statistician in respect of the March quarter or September quarter of the half-year immediately before the date of the indexation (factor A) exceeds the highest all groups consumer price index number for the weighted average of the 8 capital cities published by the Statistician in respect of the March quarter or September quarter of any earlier half-year, not being a half-year earlier than the half-year that commenced on 1 January 2004 (factor B), the amount is increased at the rate worked out in accordance with subrule (2).