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SUPERANNUATION LEGISLATION AMENDMENT (FAMILY LAW AND OTHER MATTERS) ACT 2004 NO. 58, 2004 - SCHEDULE 2

- Indexation under the Defence Forces Retirement Benefits Act

Defence Forces Retirement Benefits Act 1948

1 Subsection 83(1)

Insert:

"first quarter", in relation to a half-year, means:

(a) for a half-year beginning on 1 January in a year—the March quarter of the year; and
(b) for a half-year beginning on 1 July in a year—the September quarter of the year.
2 Subsection 83(1)

Insert:

"half-year" means a period of 6 months beginning on 1 January or 1 July in any year.

3 Subsection 83(1)

Insert:

"prescribed half-year" means the half-year commencing on 1 January 2002 or a subsequent half-year.

4 Subsection 83(1) (definition of prescribed year )

Repeal the definition.

5 Subsection 83(2)

Omit "March quarter", substitute "first quarter in a half-year".

6 Subsection 84(1)

Omit "March quarter" (wherever occurring), substitute "first quarter".

7 Subsection 84(1)

Omit "year" (wherever occurring), substitute "half-year".

8 Subsection 84(2)

Omit "year", substitute "half-year".

9 Subsection 84(3)

Omit "year" (wherever occurring), substitute "half-year".

10 Subsection 84(3)

Omit "March quarter" (wherever occurring), substitute "first quarter".

11 Subsection 84(4)

Omit "year" (wherever occurring), substitute "half-year".

12 Subsection 84(4)

Omit "30 June" (wherever occurring), substitute "30 June or 31 December (as the case requires)".

13 Section 84A

Omit "year" (wherever occurring), substitute "half-year".

14 Subsection 84B(1)

Omit "year" (wherever occurring), substitute "half-year".

15 Subsection 84B(2)

Omit "16 June in the preceding year", substitute "16 June or 16 December (as the case requires) in the preceding half-year".

16 Subsection 84B(3)

Omit "16 June in the preceding year", substitute "16 June or 16 December (as the case requires) in the preceding half-year".

17 Subsection 84B(3)

Omit "30 June in the preceding year bears to 12", substitute "30 June or 31 December (as the case requires) in the preceding half-year bears to 6".

18 Subsection 84C(2)

Omit "March quarter" (wherever occurring), substitute "first quarter".

19 Subsection 84C(2)

Omit "year" (wherever occurring), substitute "half-year".

20 Paragraph 84C(3)(a)

Repeal the paragraph, substitute:

(a) in relation to the prescribed half-year that commenced on 1 January 2002—the amount that was the existing amount in relation to that provision, as calculated under this section immediately before the commencement of Schedule 2 to the Superannuation Legislation Amendment (Family Law and Other Matters) Act 2004 ; and
21 Paragraph 84C(3)(b)

Omit "year", substitute "half-year".

22 Section 84D

Omit "30 June in a year", substitute "30 June or 31 December (as the case requires) in a half-year".

23 Subsection 84E(1)

Omit "year" (wherever occurring), substitute "half-year".

Note: The heading to section 84E is altered by omitting "year" and substituting "half-year".

24 Subsection 84E(2)

Repeal the subsection.

25 Subsection 84E(3)

Omit "year" (wherever occurring), substitute "half-year".

26 Subsection 84F(2)

Omit "year" (wherever occurring), substitute "half-year".

Note: The heading to section 84F is altered by omitting "year" and substituting "half-year".

27 Subsection 84F(3)

Repeal the subsection.

28 Sections 84G and 84GA

Repeal the sections.



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