7Increases in certain pensions for 1974‑75 and for 1975‑76

7 Increases in certain pensions for 1974‑75 and for 1975‑76

(1) Subject to this Part, if: (a) the all groups consumer price index number for the weighted average of the 6 State capital cities published by the Statistician in respect of the March quarter of the year immediately preceding a prescribed year exceeds the highest all groups consumer price index number for the weighted average of the 6 State capital cities published by the Statistician in respect of the March quarter of any earlier year not being a year earlier than the year that commenced on 1 July 1972; and (b) the estimate of the seasonally adjusted average weekly earnings per employed male unit throughout the Commonwealth published by the Statistician in respect of the March quarter of the year immediately preceding that prescribed year exceeds the highest estimate of the seasonally adjusted average weekly earnings per employed male unit throughout the Commonwealth published by the Statistician in respect of the March quarter of any earlier year not being a year earlier than the year that commenced on 1 July 1972; a person who was in receipt of a pension (other than a pension payable to or in respect of an eligible child) immediately before the commencement of that prescribed year 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 the commencement of that prescribed year. (2) The increase provided for by subsection (1) in the amount of the annual pension payable to a person immediately before the commencement of a prescribed year is the prescribed percentage of the non‑contributory portion of the amount of the annual pension. (3) For the purposes of this section, the prescribed percentage is whichever is the lower of: (a) 1.4 times the percentage that represents A–B expressed as a percentage of B; or (b) the percentage that represents C–D expressed as a percentage of D; where: A is the all groups consumer price index number for the weighted average of the 6 State capital cities published by the Statistician in respect of the March quarter of the year immediately preceding the prescribed year; B is the highest all groups consumer price index number for the weighted average of the 6 State capital cities published by the Statistician in respect of the March quarter of any year earlier than the year immediately preceding the prescribed year but not being earlier than the year that commenced on 1 July 1972; C is the estimate of the seasonally adjusted average weekly earnings per employed male unit throughout the Commonwealth published by the Statistician in respect of the March quarter of the year immediately preceding the prescribed year; and D is the highest estimate of the seasonally adjusted average weekly earnings per employed male unit throughout the Commonwealth published by the Statistician in respect of the March quarter of any year earlier than the year immediately preceding the prescribed year but not being earlier than the year that commenced on 1 July 1972.