Statutory Rules
1978 No. 141
REGULATIONS UNDER THE SUPERANNUATION ACT 1976*
I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Superannuation Act 1976.
Dated this twenty-first day of July 1978.
ZELMAN COWEN
Governor-General
By His Excellency’s Command,
IAN MACPHEE
Minister of State for Productivity for and on behalf of the Minister of State for Finance
____________
AMENDMENTS OF THE SUPERANNUATION (ADDITIONAL PENSION) REGULATIONS†
Commencement
1. These Regulations shall be deemed to have taken effect from and including 1 July 1976.
2. The Superannuation (Additional Pension) Regulations are amended by inserting after regulation 5 the following regulations:
Factor applicable for purposes of subsections 61 (1) and (2) of the Act
“ 6. For the purposes of sub-section 61 (3) of the Act, the factor applicable to a person for the purposes of sub-sections 61 (1) and (2) of the Act is the factor specified in column 2 of Schedule 3 opposite to the age specified in column 1 of that Schedule that was that person’s age on his last day of service.
Percentage applicable for purposes of definition in subsection 61 (4) of the Act
“ 7. For the purposes of the definition of ‘ notional final annual rate of salary ’ in sub-section 61 (4) of the Act, the percentage applicable to a person is the percentage specified in column 3 of Schedule 3 opposite to the age specified in column 1 of that Schedule that was that person’s age on his last day of service.”.
* Notified in the Commonwealth of Australia Gazette on 27 July 1978.
† Statutory Rules 1976, No. 158.
3. The Superannuation (Additional Pension) Regulations are Schedule 3 amended by adding at the end thereof the following Schedule:
SCHEDULE 3 Regulations 6 and 7
FACTORS AND PERCENTAGES APPLICABLE TO EARLY RETIREMENT PENSIONER
Column 1 | Column 2 | Column 3 |
Age on last day of service | Factor | Percentage |
59............................................... | .0985 | 1.5 |
58............................................... | .0970 | 3.0 |
57............................................... | .0955 | 4.5 |
56............................................... | .0940 | 6.0 |
55............................................... | .0925 | 7.5 |
54............................................... | .0910 | 9.0 |
53............................................... | .0895 | 10.5 |
52............................................... | .0880 | 12.0 |
51............................................... | .0865 | 13.5 |
50............................................... | .0850 | 15.0 |
49............................................... | .0842 | 15.8 |
48............................................... | .0835 | 16.5 |
47............................................... | .0827 | 17.3 |
46............................................... | .0820 | 18.0 |
45............................................... | .0812 | 18.8 |
44............................................... | .0805 | 19.5 |
43............................................... | .0797 | 20.3 |
42............................................... | .0790 | 21.0 |
41............................................... | .0782 | 21.8 |
40............................................... | .0775 | 22.5 |
39............................................... | .0767 | 23.3 |
38............................................... | .0760 | 24.0 |
37............................................... | .0752 | 24.8 |
36............................................... | .0745 | 25.5 |
35............................................... | .0737 | 26.3 |
34............................................... | .0730 | 27.0 |
33............................................... | .0722 | 27.8 |
32............................................... | .0715 | 28.5 |
31............................................... | .0707 | 29.3 |
30............................................... | .0700 | 30.0 |
29............................................... | .0692 | 30.8 |
28............................................... | .0685 | 31.5 |
27............................................... | .0677 | 32.3 |
26............................................... | .0670 | 33.0 |
25............................................... | .0662 | 33.8 |
24............................................... | .0655 | 34.5 |
23............................................... | .0647 | 35.3 |
22............................................... | .0640 | 36.0 |
21............................................... | .0632 | 36.8 |
20............................................... | .0625 | 37.5 |
19............................................... | .0617 | 38.3 |
18............................................... | .0610 | 39.0 |
17............................................... | .0602 | 39.8 |
16............................................... | .0595 | 40.5 |
15............................................... | .0587 | 41.3 |