Commonwealth Consolidated Acts

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DEFENCE FORCES RETIREMENT BENEFITS ACT 1948 - SECT 66

Instalments of pension

             (1)  Pensions shall be paid in fortnightly instalments.

             (2)  In order to ascertain the amount of an instalment of a pension covering a period of a fortnight the annual pension shall be divided by 26.

             (3)  The amount of a pension payable in respect of each day shall be one‑fourteenth of the amount of a fortnightly instalment.


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