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
1 Name of Trust Deed
2 Commencement
3 Amendment of Military Superannuation and Benefits Trust Deed
Schedule 1 Amendment taken to have commenced on 1 July 2004
Schedule 2 Amendments commencing on gazettal
1 Name of Trust Deed
This Trust Deed is the Military Superannuation and Benefits Amendment Trust Deed 2004 (No. 5).
2 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.
3 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).