47Definitions

47 Definitions

47 Definitions

(1) In this Part—

adjustment date, in relation to an adjustment period, means the first day of the pension pay period that ends on the first pension pay day in the October that next follows that adjustment period.

adjustment percentage, in relation to an adjustment period, means, subject to clause 49 (2), the percentage for that period calculated in accordance with clause 49 (Calculation of adjustment percentage).

adjustment period means—

(a) the period of 6 months beginning on 1 January 1989, or

(b) the period of 12 months beginning on 1 July 1989, or

(c) the period of 12 months beginning on 1 July in any subsequent year,

as the case requires.

December quarter means the quarter commencing on 1 October in each year.

index number, in relation to a June quarter, means the number for that June quarter appearing in the Consumer Price Index (All Groups Index) for Sydney published by the Commonwealth Statistician under the Census and Statistics Act 1905 of the Commonwealth.

June quarter means the quarter commencing on 1 April in each year.

quarter, in relation to a year, means the period of 3 months commencing on 1 January, 1 April, 1 July or 1 October in that year.

(2) If a pension is to be adjusted under this Part by reference to the adjustment percentage for an adjustment period, a reference (however expressed) in this Part to adjusting the pension is a reference to—

(a) where the adjustment percentage is calculated in accordance with the formula set out in clause 49 (1) (a)—increasing the pension, or

(b) where the adjustment percentage is calculated in accordance with the formula set out in clause 49 (1) (b)—reducing the pension.

cll 47: Subst 30.3.1990.