Commonwealth Numbered Acts

SUPERANNUATION ACTS AMENDMENT ACT 1978 No. 17, 1978 - SECT 15

15. Section 121 of the Principal Act is amended-

   (a)  by omitting from sub-section (3) ''the prescribed percentage is a
        percentage ascertained in accordance with the formula-

100 (A-B)
------------

B

where-'' and substituting ''the prescribed percentage, in relation to a
prescribed year, is the percentage that represents A-B expressed as a
percentage of B, where-''; and

   (b)  by adding at the end thereof the following sub-section:

''(4) Where, by reason of the death on 30 June in the year immediately
preceding a prescribed year of a person in receipt of a pension, a pension
becomes payable on the following day to another person, that other person
shall be entitled to such an increase in the rate of that pension as the
person would have been entitled to had the pension become payable to the
person on that 30 June.''.