Division 7Division 7 Automatic adjustment of children’s pensions
In this Division, except in so far as the context or subject-matter otherwise indicates or requires, adjustment date, adjustment percentage and year have the meanings respectively ascribed to those expressions by section 61B (1).
(1) For the purposes of sections 32D and 43A (4) (b), the appropriate amount of pension in respect of a child or student is, subject to this section, $4 per week.(2) Subject to this Division, the appropriate amount of pension under this section is, as from the commencement of Schedule 8 (2) to the Superannuation (Amendment) Act 1985, increased to $41.20 per fortnight.(3) Subject to this Division, where pensions are increased or decreased under Division 6 by a percentage for the year ending on and including 30 June 1985 or for any subsequent year, the appropriate amount of pension, as previously adjusted, under this section is, as from the adjustment date for that year, increased or decreased, as the case may be, by that percentage.(4) If STC has made a determination under section 61RA in respect of a pension under this section, the amount of the pension is reduced by the amount specified in STC’s determination.
(1) For the purposes of sections 33 and 43A (4) (a), the appropriate amount of pension in respect of a child or student is, subject to this section, $10 per week.(2) Subject to this Division, the appropriate amount of pension under this section is, as from the commencement of Schedule 8 (3) to the Superannuation (Amendment) Act 1985, increased to $97.85 per fortnight.(3) Subject to this Division, where pensions are increased or decreased under Division 6 by a percentage for the year ending on and including 30 June 1985 or for any subsequent year, the appropriate amount of pension, as previously adjusted, under this section is, as from the adjustment date for that year, increased or decreased, as the case may be, by that percentage.(4) If STC has made a determination under section 61RA in respect of a pension under this section, the amount of the pension is reduced by the amount specified in STC’s determination.
61O Minimum amounts to which pensions may be reduced
Notwithstanding anything in this Division, the appropriate amount of pension under:(a) section 61M—shall not be reduced below $4 per week, or(b) section 61N—shall not be reduced below $10 per week.
An increase or decrease of the appropriate amount under section 61M or 61N operates in relation to pensions being paid as at the date of the increase or decrease, as well as to pensions that become payable thereafter.