Commonwealth Numbered Acts

SOCIAL SECURITY AND REPATRIATION (BUDGET MEASURES AND ASSETS TEST) ACT 1984 No. 93, 1984 - SECT 40

40. Section 32 of the Principal Act is amended by omitting sub-section (2) and
substituting the following sub-section:

"(2) The annual rate at which a wife's pension is determined shall be reduced
by-

   (a)  50% of the amount (if any) per annum by which the annual rate of
        income of the wife exceeds $1,300; or

   (b)  an amount per annum equal to 26 times the pension reduction amount (if
        any) applicable to the wife divided by 250, whichever is the greater
        or, if the amounts per annum of the reductions calculated under
        paragraphs (a) and (b) are the same, by the amount calculated under
        paragraph (a).".