Commonwealth Consolidated Acts

DEFENCE FORCES RETIREMENT BENEFITS (PENSION INCREASES) ACT 1973 - SECT 5

(1)

Subject to this Act, if:

(a)

the all groups consumer price index number for the weighted average of the six State capital cities published by the Commonwealth Statistician in respect of the March quarter of the year 1973 exceeds the all groups consumer price index number for the weighted average of the six State capital cities published by the Commonwealth Statistician in respect of the June quarter of the year 1971; and

(b)

the estimate of the seasonally adjusted average weekly earnings per employed male unit throughout Australia published by the Commonwealth Statistician in respect of the March quarter of the year 1973 exceeds the estimate of the seasonally adjusted average weekly earnings per employed male unit throughout Australia published by the Commonwealth Statistician in respect of the June quarter of the year 1971;

a person to whom a pension (not being a pension payable to or in respect of an eligible child) was payable immediately before 1st July, 1973, is entitled to an increase, as ascertained in accordance with this section, in the amount of the annual pension that was payable to him immediately before that date.

(2)

The increase provided for by subsection (1) in the amount of the annual pension payable to a person immediately before 1st July, 1973, is the prescribed percentage of seventy-seven and one-half per centum of the amount of that annual pension.