Superannuation Act (No. 2) 1965 (Cth)
An Act to amend the law relating to Superannuation in connexion with Decimal Currency.
[Assented to 18 December, 1965]
BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—
Part I.—Preliminary.
(2.) The
(3.) Section 1 of the
(4.) The Principal
Act, as amended by this Act, may be cited as the
Part I.—Preliminary (Sections 1–3).
Part II.—Amendments of the Principal Act (Sections 4–5).
Part III.—Miscellaneous (Sections 6–11).
Part II.—Amendments of the Principal Act.
Part III.—Miscellaneous.
“decimal currency” means the currency provided for by the
Currency Act 1965;“the commencing date” means the date of commencement of this Act;
“the Fund” means the Superannuation Fund;
“the previous currency” means the currency provided for by the
Coinage Act 1909–1947.
(2.) Where an amount
of money in the previous currency is an amount of pounds, shillings and pence,
pounds and pence, shillings and pence or pence, the corresponding amount in
decimal currency shall be calculated on the basis that an amount of pence
specified in the first column of the table set out in sub-section (3.) of
section 11 of the
(
a ) a person was, immediately before the commencing date, required—(i) to make contributions to the Fund under sub-section (4.) of section 26 of the Principal Act; or
(ii) to make contributions to the Fund calculated otherwise than by reference to any of the tables in the Schedules to the Principal Act; and
(
b ) he is, after the commencement of this Act, required to continue to make contributions of that kind to the Fund,
the rate in decimal currency of
those contributions shall, notwithstanding anything contained in the Principal
Act as amended by this Act, be the rate corresponding to the rate in the
previous currency that would, but for the enactment of the
(
a ) a person was, immediately before the commencing date, required to make contributions to the Fund in respect of units of pension;(
b )sub-section (1.) of section 144 of the Principal Act applied for the purpose of calculating those contributions; and(
c ) he is required to continue to make contributions to the Fund in sterling in respect of those units of pension after the commencement of this Act,
the rate of those contributions
shall, notwithstanding anything contained in the Principal Act as amended by
this Act, be the rate that would, but for the enactment of the
(2.) Where—
(
a ) a pension was payable under the Principal Act to or in respect of a person immediately before the commencing date; and(
b )sub-section (1.) of section 144 of the Principal Act applied for the purpose of calculating that pension,
the amount of any payment of that
pension in sterling after the commencement of this Act shall be the amount that
would, but for the enactment of the
(2.) The
THE SCHEDULES
——
FIRST SCHEDULE Section 4.
“THIRD SCHEDULE Section 23 (1.).
Rates of Contribution
Table I.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension where the Obligation to Contribute for those Units existed on or before 2nd November, 1942, based on a Retiring Age of 65 years and the Age next Birthday of the Contributor when that Obligation came into existence.
Column 1 | Column 2 | Column 3 | Column 4 | Column 5 | Column 6 |
Age next Birthday | Contribution for First Two Units | Contribution for each Additional Two Units where Contributor is already a Contributor for Two or more Units | Age next Birthday | Contribution for First Two Units | Contribution for each Additional Two Units where Contributor is already a Contributor for Two or more Units |
$ | $ | $ | $ | ||
15.............................. | 0.22 | 0.20 | 41.................................. | 0.76 | 0.68 |
16.............................. | 0.22 | 0.20 | 42.................................. | 0.80 | 0.72 |
17.............................. | 0.24 | 0.22 | 43.................................. | 0.84 | 0.78 |
18.............................. | 0.26 | 0.22 | 44.................................. | 0.88 | 0.82 |
19.............................. | 0.26 | 0.24 | 45.................................. | 0.92 | 0.86 |
20.............................. | 0.28 | 0.24 | |||
46.................................. | 0.98 | 0.92 | |||
21.............................. | 0.30 | 0.26 | 47.................................. | 1.04 | 0.98 |
22.............................. | 0.32 | 0.28 | 48.................................. | 1.12 | 1.08 |
23.............................. | 0.32 | 0.28 | 49.................................. | 1.20 | 1.16 |
24.............................. | 0.34 | 0.30 | 50.................................. | 1.30 | 1.24 |
25.............................. | 0.36 | 0.32 | |||
51.................................. | 1.40 | 1.36 | |||
26.............................. | 0.38 | 0.34 | 52.................................. | 1.52 | 1.48 |
27.............................. | 0.40 | 0.36 | 53.................................. | 1.64 | 1.62 |
28.............................. | 0.42 | 0.38 | 54.................................. | 1.80 | 1.78 |
29.............................. | 0.44 | 0.38 | 55.................................. | 1.98 | 1.96 |
30.............................. | 0.46 | 0.40 | |||
56.................................. | 2.20 | 2.18 | |||
31.............................. | 0.48 | 0.42 | 57.................................. | 2.48 | 2.46 |
32.............................. | 0.50 | 0.44 | 58.................................. | 2.84 | 2.80 |
33.............................. | 0.52 | 0.46 | 59.................................. | 3.30 | 3.28 |
34.............................. | 0.54 | 0.48 | 60.................................. | 3.96 | 3.92 |
35.............................. | 0.56 | 0.50 | |||
61.................................. | 4.96 | 4.92 | |||
36.............................. | 0.58 | 0.52 | 62.................................. | 6.62 | 6.58 |
37.............................. | 0.62 | 0.56 | 63.................................. | 9.98 | 9.94 |
38.............................. | 0.64 | 0.58 | 64.................................. | 20.16 | 20.08 |
39.............................. | 0.68 | 0.62 | 65.................................. | 20.56 | 20.48 |
40.............................. | 0.72 | 0.66 |
First
Schedule—
“Third Schedule—
Table II.
Rates of Contribution to be paid Fortnightly by Female Contributors for Units of Pension where the Obligation to Contribute for those Units existed on or before 2nd November, 1942, based on a Retiring Age of 65 years and the Age next Birthday of the Contributor when that Obligation came into existence.
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First
Schedule—
“Third
Schedule—
Table III.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension where the Obligation to Contribute for those Units existed on or before 2nd November, 1942, based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when that Obligation came into existence.
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First Schedule—
“Third Schedule—
Table IV.
Rates of Contribution to be paid Fortnightly by Female Contributors for Units of Pension where the Obligation to Contribute for those Units existed on or before 2nd November, 1942, based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when that Obligation came into existence.
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First
Schedule—
“Third Schedule—
Table V.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension based on a Retiring Age of 65 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came into existence.
Column 1 | Column 2 | Column 3 | Column 4 |
Age next Birthday | Contribution for First Two Units, where the Obligation to Contribute For those Unit came into existence after 2nd November, 1942, and before 14th December, 1959 | Contribution for each Additional Two Units where Contributor is already a Contributor for Two or more Units and the Obligation to Contribute for those Additional Units came into existence after 2nd November. 1942, and before 1st November, 1951 | Contribution for each Additional Unit where Contributor is already a Contributor for Two or more Units and the Obligation to Contribute for that Additional Unit came into existence on or after 1st November. 1951, and before 14th December, 1959 |
$ | $ | $ | |
15 | 0.22 | 0.20 | 0.10 |
16 | 0.22 | 0.20 | 0.10 |
17 | 0.24 | 0.22 | 0.11 |
18 | 0.24 | 0.22 | 0.11 |
19 | 0.26 | 0.24 | 0.12 |
20 | 0.28 | 0.26 | 0.13 |
21 | 0.30 | 0.28 | 0.14 |
22 | 0.30 | 0.30 | 0.15 |
23 | 0.32 | 0.32 | 0.16 |
24 | 0.34 | 0.32 | 0.16 |
25 | 0.36 | 0.34 | 0.17 |
26 | 0.38 | 0.36 | 0.18 |
27 | 0.40 | 0.38 | 0.19 |
28 | 0.42 | 0.40 | 0.20 |
29 | 0.42 | 0.40 | 0.20 |
30 | 0.44 | 0.42 | 0.21 |
31 | 0.46 | 0.44 | 0.22 |
32 | 0.50 | 0.48 | 0.24 |
33 | 0.52 | 0.50 | 0.25 |
34 | 0.54 | 0.52 | 0.26 |
35 | 0.56 | 0.54 | 0.27 |
36 | 0.58 | 0.56 | 0.28 |
37 | 0.60 | 0.58 | 0.29 |
38 | 0.64 | 0.62 | 0.31 |
39 | 0.68 | 0.66 | 0.33 |
40 | 0.72 | 0.70 | 0.35 |
41 | 0.76 | 0.74 | 0.37 |
42 | 0.82 | 0.78 | 0.39 |
43 | 0.86 | 0.82 | 0.41 |
44 | 0.92 | 0.88 | 0.44 |
45 | 0.96 | 0.94 | 0.47 |
46 | 1.04 | 1.02 | 0.51 |
47 | 1.12 | 1.10 | 0.55 |
48 | 1.20 | 1.18 | 0.59 |
49 | 1.32 | 1.28 | 0.64 |
50 | 1.42 | 1.38 | 0.69 |
First
Schedule—
“Third Schedule—
Table V.—
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First
Schedule—
“Third Schedule—
Table VI.
Rates of Contribution to be paid Fortnightly by Female Contributors for Units of Pension based on a Retiring Age of 65 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came into existence.
Column 1 | Column 2 | Column 3 |
Age next Birthday | Contribution for First Two Units where the Obligation to Contribute for those Units came into existence after 2nd November, 1942, and before 14th December, 1959; and Contribution for each Additional Two Units where Contributor is already a Contributor for Two or more Units and the Obligation to Contribute for those Additional Units came into existence after 2nd November, 1942, and before 1st November, 1951 | Contribution for each Additional Unit where Contributor is already a Contributor for Two or more Units and the Obligation to Contribute for that Additional Unit came into existence on or after 1st November, 1951, and before 14th December, 1959 |
$ | $ | |
15 | 0.20 | 0.10 |
16 | 0.20 | 0.10 |
17 | 0.22 | 0.11 |
18 | 0.22 | 0.11 |
19 | 0.24 | 0.12 |
20 | 0.26 | 0.13 |
21 | 0.28 | 0.14 |
22 | 0.30 | 0.15 |
23 | 0.32 | 0.16 |
24 | 0.34 | 0.17 |
25 | 0.36 | 0.18 |
26 | 0.38 | 0.19 |
27 | 0.38 | 0.19 |
28 | 0.40 | 0.20 |
29 | 0.42 | 0.21 |
30 | 0.44 | 0.22 |
31 | 0.48 | 0.24 |
32 | 0.50 | 0.25 |
33 | 0.52 | 0.26 |
34 | 0.54 | 0.27 |
35 | 0.58 | 0.29 |
36 | 0.60 | 0.30 |
37 | 0.64 | 0.32 |
38 | 0.68 | 0.34 |
39 | 0.72 | 0.36 |
40 | 0.76 | 0.38 |
41 | 0.80 | 0.40 |
42 | 0.86 | 0.43 |
43 | 0.90 | 0.45 |
44 | 0.96 | 0.48 |
45 | 1.02 | 0.51 |
46 | 1.10 | 0.55 |
47 | 1.18 | 0.59 |
48 | 1.28 | 0.64 |
49 | 1.38 | 0.69 |
50 | 1.50 | 0.75 |
First
Schedule—
“Third Schedule—
Table VI.—
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First
Schedule—
“Third Schedule—
Table VII.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came into existence.
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First
Schedule—
“Third Schedule—
Table VII.—
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First
Schedule—
“Third Schedule—
Table VIII.
Rates of Contribution to be paid Fortnightly by Female Contributors for Units of Pension based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came into existence.
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First
Schedule—
“Third Schedule—
Table VIII.—
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First
Schedule—
“Third
Schedule—
Table IX.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension (other than Units of Pension to which paragraph (
a ) of sub-section (3.) of section 23 applies) where the Obligation to Contribute for those Units came into existence on or after 14th December, 1959, and before 1st July, 1962, based on a Retiring Age of 65 years and the Age next Birthday of the Contributor when that Obligation came into existence.
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First
Schedule—
“Third
Schedule—
Table X.
Rates of Contribution to be paid Fortnightly by Female Contributors for Units of Pension where the Obligation to Contribute for those Units came into existence on or after 14th December, 1959, and before 1st July, 1962, based on a Retiring Age of 65 years and the Age next Birthday of the Contributor when that Obligation came into existence.
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First
Schedule—
“Third
Schedule—
Table XI.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension (other than Units of Pension to which paragraph (
a ) of sub-section (3.) of section 23 applies) where the Obligation to Contribute for those Units came into existence on or after 14th December, 1959, and before 1st July, 1962, based on a retiring age of 60 years and the age next birthday of the Contributor when that Obligation came into existence.
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First
Schedule—
“Third
Schedule—
Table XII.
Rates of Contribution to be paid Fortnightly by Female Contributors for Units of Pension where the Obligation to Contribute for those Units came into existence on or after 14th December, 1959, and before 1st July, 1962, based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when that Obligation came into existence.
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First
Schedule—
“Third
Schedule—
Table XIII.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension (other than Units of Pension to which paragraph (
b )of sub-section (3.) of section 23 applies) where the Obligation to Contribute to the Fund came into existence before 14th December, 1959, but the Obligation to Contribute for those Units had not come into existence before 1st July, 1962, based on a Retiring Age of 65 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came or comes into existence.
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First
Schedule—
“Third Schedule—
Table XIV.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension where the Obligation to Contribute to the Fund came into existence on or after 14th December, 1959, but the Obligation to Contribute for those Units had not come into existence before 1st July, 1962, based on a Retiring Age of 65 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came or comes into existence.
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First
Schedule—
“Third Schedule—
Table XV.
Rates of Contribution to be paid Fortnightly by Female Contributors for Units of Pension where the Obligation to Contribute for those Units had not come into existence before 1st July, 1962, based on a retiring age of 65 years and the Age next Birthday of the Contributor when that Obligation came or comes into existence.
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First
Schedule—
“Third Schedule—
Table XVI.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension (other than Units of Pension to which paragraph (
b ) of sub-section (3.) of section 23 applies) where the Obligation to Contribute to the Fund came into existence before 14th December, 1959, but the Obligation to Contribute for those Units had not come into existence before 1st July, 1962, based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came or comes into existence.
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First
Schedule—
“Third Schedule—
Table XVII.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension where the Obligation to Contribute to the Fund came into existence on or after 14th December, 1959, but the Obligation to Contribute for those Units had not come into existence before 1st July, 1962, based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came or comes into existence.
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First
Schedule—
“Third Schedule—
Table XVIII.
Rates ofContribution to be paid Fortnightly by Female Contributors for Units of Pension where the Obligation to Contribute for those Units had not come into existence before 1st July, 1962, based on a retiring age of 60 years and the Age next Birthday of the Contributor when that Obligation came or comes into existence.
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First
Schedule—
“FOURTH SCHEDULE Section 23 (3.)
Table I.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension to which paragraph (
a ) of sub-section (3.) of section 23 applies, based on the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came into existence.
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First
Schedule—
“Fourth Schedule—
Table II.
Rates of Contribution to be paid Fortnightly by Male Contributors for Units of Pension to which paragraph (
b ) of sub-section (3.) of section 23 applies, based on the Age next Birthday of the Contributor when the Obligation to Contribute for those Units comes into existence.
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First Schedule—
“Sixth Schedule—
Table IX.
Reductions in Fortnightly Rates of Contribution payable on or after 1st July, 1962, by Female Contributors for Units of Pension based on a Retiring Age of 65 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came into existence.
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First Schedule—
“Sixth Schedule—
Table IX.—
Column 1 | Column 2 | Column 3 |
$ | $ | |
40 | 0.12 | 0.06 |
41 | 0.12 | 0.06 |
42 | 0.12 | 0.06 |
43 | 0.12 | 0.06 |
44 | 0.12 | 0.06 |
45 | 0.12 | 0.06 |
46 | 0.12 | 0.06 |
47 | 0.12 | 0.06 |
48 | 0.16 | 0.08 |
49 | 0.16 | 0.08 |
50 | 0.18 | 0.09 |
51 | 0.18 | 0.09 |
52 | 0.20 | 0.10 |
53 | 0.22 | 0.11 |
54 | 0.24 | 0.12 |
55 | 0.28 | 0.14 |
56 | 0.32 | 0.16 |
57 | 0.36 | 0.18 |
58 | 0.42 | 0.21 |
59 | 0.48 | 0.24 |
60 | 0.60 | 0.30 |
61 | 0.72 | 0.36 |
62 | 0.92 | 0.46 |
63 | 1.26 | 0.63 |
64 | 2.44 | 1.22 |
65 | 1.74 | 0.87 |
First Schedule—
“Sixth Schedule—
Table X.
Reductions in Fortnightly Rates of Contribution payable on or after 1st July, 1962, by Male Contributors (other than Contributors who have Elected that Section 26 shall not apply to them) for Units of Pension based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came into existence.
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First Schedule—
“Sixth Schedule—
Table X.—
Column 1 | Column 2 | Column 3 | Column 4 |
$ | $ | $ | |
35 | 0.14 | 0.05 | 0.10 |
36 | 0.14 | 0.06 | 0.12 |
37 | 0.16 | 0.06 | 0.12 |
38 | 0.14 | 0.06 | 0.12 |
39 | 0.16 | 0.07 | 0.14 |
40 | 0.16 | 0.07 | 0.14 |
41 | 0.16 | 0.07 | 0.14 |
42 | 0.16 | 0.07 | 0.14 |
43 | 0.18 | 0.07 | 0.14 |
44 | 0.18 | 0.08 | 0.16 |
45 | 0.18 | 0.08 | 0.16 |
46 | 0.22 | 0.09 | 0.18 |
47 | 0.22 | 0.09 | 0.18 |
48 | 0.24 | 0.11 | 0.22 |
49 | 0.28 | 0.12 | 0.24 |
50 | 0.32 | 0.14 | 0.28 |
51 | 0.34 | 0.15 | 0.30 |
52 | 0.36 | 0.16 | 0.32 |
53 | 0.44 | 0.20 | 0.40 |
54 | 0.50 | 0.22 | 0.44 |
55 | 0.60 | 0.27 | 0.54 |
56 | 0.74 | 0.34 | 0.68 |
57 | 0.96 | 0.44 | 0.88 |
58 | 1.42 | 0.66 | 1.32 |
59 | 2.84 | 1.34 | 2.68 |
60 | 2.44 | 1.14 | 2.28 |
First Schedule—
“Sixth Schedule—
Table XI.
Reductions in Fortnightly Rates of Contribution payable on or after 1st July, 1962, by Male Contributors (being Contributors who have Elected that Section 26 shall not apply to them) for Units of Pension based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came into existence.
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First Schedule—
“Sixth Schedule—
Table XI.—
Column 1 | Column 2 | Column 3 | Column 4 |
$ | $ | $ | |
35 | 0.16 | 0.06 | 0.12 |
36 | 0.16 | 0.07 | 0.14 |
37 | 0.18 | 0.07 | 0.14 |
38 | 0.18 | 0.08 | 0.16 |
39 | 0.18 | 0.08 | 0.16 |
40 | 0.18 | 0.08 | 0.16 |
41 | 0.18 | 0.08 | 0.16 |
42 | 0.18 | 0.08 | 0.16 |
43 | 0.22 | 0.09 | 0.18 |
44 | 0.22 | 0.10 | 0.20 |
45 | 0.22 | 0.10 | 0.20 |
46 | 0.26 | 0.11 | 0.22 |
47 | 0.28 | 0.12 | 0.24 |
48 | 0.28 | 0.13 | 0.26 |
49 | 0.32 | 0.14 | 0.28 |
50 | 0.36 | 0.16 | 0.32 |
51 | 0.38 | 0.17 | 0.34 |
52 | 0.44 | 0.20 | 0.40 |
53 | 0.50 | 0.23 | 0.46 |
54 | 0.60 | 0.27 | 0.54 |
55 | 0.72 | 0.33 | 0.66 |
56 | 0.86 | 0.40 | 0.80 |
57 | 1.14 | 0.53 | 1.06 |
58 | 1.68 | 0.79 | 1.58 |
59 | 3.32 | 1.58 | 3.16 |
60 | 2.92 | 1.38 | 2.76 |
First Schedule—
“Sixth Schedule—
Table XII.
Reductions in Fortnightly Rates of Contribution payable on or after 1st July, 1962, by Female Contributors for Units of Pension based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when the Obligation to Contribute for those Units came into existence.
Column 1 | Column 2 | Column 3 |
Age next Birthday | Reduction in Contribution for—
| Reduction in Contribution for—
|
$ | $ | |
15................................. | 0.08 | 0.04 |
16................................. | 0.08 | 0.04 |
17................................. | 0.08 | 0.04 |
18................................. | 0.08 | 0.04 |
19................................. | 0.08 | 0.04 |
20................................. | 0.08 | 0.04 |
21................................. | 0.10 | 0.05 |
22................................. | 0.10 | 0.05 |
23................................. | 0.10 | 0.05 |
24................................. | 0.10 | 0.05 |
25................................. | 0.10 | 0.05 |
26................................. | 0.10 | 0.05 |
27................................. | 0.10 | 0.05 |
28................................. | 0.10 | 0.05 |
29................................. | 0.10 | 0.05 |
30................................. | 0.12 | 0.06 |
31................................. | 0.12 | 0.06 |
32................................. | 0.12 | 0.06 |
33................................. | 0.12 | 0.06 |
34................................. | 0.12 | 0.06 |
35................................. | 0.12 | 0.06 |
36................................. | 0.12 | 0.06 |
37................................. | 0.12 | 0.06 |
38................................. | 0.12 | 0.06 |
39................................. | 0.12 | 0.06 |
First Schedule—
“Sixth Schedule—
Table XII.—
Column 1 | Column 2 | Column 3 |
$ | $ | |
40.................................... | 0.14 | 0.07 |
41.................................... | 0.14 | 0.07 |
42.................................... | 0.14 | 0.07 |
43.................................... | 0.16 | 0.08 |
44.................................... | 0.16 | 0.08 |
45.................................... | 0.18 | 0.09 |
46.................................... | 0.18 | 0.09 |
47.................................... | 0.20 | 0.10 |
48.................................... | 0.22 | 0.11 |
49.................................... | 0.24 | 0.12 |
50.................................... | 0.28 | 0.14 |
51.................................... | 0.30 | 0.15 |
52.................................... | 0.36 | 0.18 |
53.................................... | 0.40 | 0.20 |
54.................................... | 0.46 | 0.23 |
55.................................... | 0.54 | 0.27 |
56.................................... | 0.68 | 0.34 |
57.................................... | 0.92 | 0.46 |
58.................................... | 1.32 | 0.66 |
59.................................... | 2.60 | 1.30 |
60.................................... | 2.22 | 1.11 |
First
Schedule—
“Sixth
Schedule—
Table XIII.
Reductions in Fortnightly Rates of Contribution payable on or after 1st July, 1962, by Male Contributors for Units of Pension (other than Units of Pension to which paragraph (
a ) of sub-section (3.) of section 23 applies) where the Obligation to Contribute for those Units came into existence on or after 14th December, 1959, and before 1st July, 1962, based on a Retiring Age of 65 years and the age next birthday of the contributor when that obligation came into existence.
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First Schedule—
“Sixth Schedule—
Table XIV.
Reductions in Fortnightly Rates of Contribution payable on or after 1st July, 1962, by Female Contributors for Units of Pension where the Obligation to Contribute for those Units came into existence on or after 14th December, 1959, and before 1st July, 1962, based on a Retiring Age of 65 years and the Age next Birthday of the Contributor when that Obligation came into existence.
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First
Schedule—
“Sixth Schedule—
Table XV.
Reductions in Fortnightly Rates of Contribution payable on or after 1st July, 1962, by Male Contributors for Units of Pension (other than Units of Pension to which paragraph (
a ) of sub-section (3.) of section 23 applies) where the Obligation to Contribute for those Units came into existence on or after 14th December, 1959, and before 1st July, 1962, based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when that Obligation came into existence.
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First Schedule—
“Sixth Schedule—
Table XVI.
Reductions in Fortnightly Rates of Contribution payable on or after 1st July, 1962, by Female Contributors for Units of Pension where the Obligation to Contribute for those Units came into existence on or after 14th December, 1959, and before 1st July, 1962, based on a Retiring Age of 60 years and the Age next Birthday of the Contributor when that Obligation came into existence.
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First Schedule—
“Sixth Schedule—
Table XVII.
Reduction in Fortnightly Rates of Contribution payable on or after 1st July, 1962, by Male Contributors for Units of Pension to which Section 23 (3.) (
a ) applies, based on the age next birthday of the contributor when the Obligation to Contribute for those Units came into existence.
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SECOND SCHEDULE Section 5.
Amendments of the Principal Act
Provisions amended | Amendments |
Section 7.......................... |
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Section 12........................ |
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Section 17........................ |
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Section 20........................ |
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Section 22........................ |
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Section 23........................ |
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Section 42........................ |
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Section 46........................ |
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Section 47........................ |
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Section 48........................ |
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Section 71........................ |
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Section 73........................ |
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Second
Schedule—
Provisions amended | Amendments |
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Section 74........................ |
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Section 80........................ |
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Section 90........................ |
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Section 142...................... |
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Section 143a.................... |
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Section 144...................... |
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After sub-section (1.) insert the following sub-section:—
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Section 150...................... |
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THIRD SCHEDULE Section 11.
“THE SCHEDULE Sections 27 and 28.
First Column | Second Column | Third Column |
Name of Pensioner | Rate of Pension per Annum | Amount Payable per Annum by the Commonwealth to the Fund |
$ | $ | |
| 2,209.50 | 2,010.97 |
| 2,528.82 | 2,229.32 |
| 2,121.34 | 1,936.44 |
| 1,906.32 | 1,719.52 |
| 1,585.84 | 1,397.09 |
| 1,950.00 | 1,761.25 |
| 2,699.62 | 2,356.12 |
| 2,364.74 | 2,108.89 |
| 2,915.61 | 2,605.23 |
| 2,650.28 | 2,376.06 |
| 2,316.35 | 2,096.22 |
| 2,011.88 | 1,785.23 |
| 2,300.46 | 2,045.99 |
| 1,029.18 | 930.28 |
| 1,225.38 | 1,130.28 |
| 1,925.82 | 1,763.12 |
| 1,077.83 | 954.59 |
| 1,969.27 | 1,818.37 |
| 1,177.17 | 1,069.67 |
| 1,413.99 | 1,310.49”. |
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