15CNAdjustment of pensions

15CN Adjustment of pensions

15CN Adjustment of pensions

(1) Subject to this Division, where there is an adjustment percentage for a year in relation to a pension, the amount of that pension payable on the adjustment date for that year is hereby adjusted, on and from that adjustment date, by that percentage.

(2) A reference in subsection (1) to the amount of a pension payable to a person includes a reference to the pension that would have been payable to that person had section 15CL (2) not been enacted.

s 15CN: Ins 1980 No 191, Sch 5 (5).