Compilation #0 | Effective 2001-10-01
FRBR Work URI: /akn/au/act/2001/148
This Act may be cited as the Superannuation Legislation Amendment (Indexation) Act 2001.
Subject to this section, this Act commences on the day on which it receives the Royal Assent.
(2) If the Superannuation Act 1922 is repealed before the day on which this Act receives the Royal Assent, this Act has effect as if the amendments of the Superannuation Act 1922 made by Schedule 1 to this Act were amendments of the Superannuation Act 1922 as that Act continues to apply under section 19 of the Superannuation Legislation (Commonwealth Employment—Saving and Transitional Provisions) Act 2001.
(3) If the Superannuation Act 1976 is repealed before the day on which this Act receives the Royal Assent, this Act has effect as if the amendments of the Superannuation Act 1976 made by Schedule 2 to this Act were amendments of the Superannuation Act 1976 as that Act continues to apply under section 11 of the Superannuation Legislation (Commonwealth Employment—Saving and Transitional Provisions) Act 2001.
(4) If the Superannuation Legislation Amendment (Post-retirement Commutations) Act 2001 commenced before the day on which this Act receives the Royal Assent, items 7, 8 and 9 in Schedule 2 to this Act commence on that day.
(5) If the Superannuation Legislation Amendment (Post-retirement Commutations) Act 2001 commences on or after the day on which this Act receives the Royal Assent, items 7, 8 and 9 in Schedule 2 to this Act commence on the day on which that Act commences, immediately after the commencement of that Act.
Subject to section 2, each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Superannuation Act 1922
Superannuation Act 1922
1 Paragraph 100A(3)(a)
Repeal the paragraph.
2 Paragraph 107A(3)(a)
Repeal the paragraph.
3 Part XB
Repeal the Part.
4 Part XI (heading)
Repeal the heading, substitute:
5 Subsection 120(1)
Insert:
first quarter, in relation to a half-year, means:
(a) for a half-year beginning on 1 January in a year—the March quarter of the year; and
(b) for a half-year beginning on 1 July in a year—the September quarter of the year.
6 Subsection 120(1)
Insert:
half-year means a period of 6 months beginning on 1 January or 1 July in any year.
7 Subsection 120(1)
Insert:
prescribed half-year means the half-year commencing on 1 January 2002 or a subsequent half-year.
8 Subsection 120(1) (definition of prescribed year)
Repeal the definition.
9 Subsection 120(2)
Omit “March quarter”, substitute “first quarter in a half-year”.
10 Subsection 121(1)
Omit “March quarter” (wherever occurring), substitute “first quarter”.
11 Subsection 121(1)
Omit “year” (wherever occurring), substitute “half-year”.
12 Subsection 121(2)
Omit “year”, substitute “half-year”.
13 Subsection 121(3)
Omit “year” (wherever occurring), substitute “half-year”.
14 Subsection 121(3)
Omit “March quarter” (wherever occurring), substitute “first quarter”.
15 Subsection 121(4)
Omit “year” (wherever occurring), substitute “half-year”.
16 Subsection 121(4)
Omit “30 June” (wherever occurring), substitute “30 June or 31 December (as the case requires)”.
17 Subsection 122(1)
Repeal the subsection, substitute:
11 Subsection 147(1)
Insert:
first quarter, in relation to a half-year, means:
(a) for a half-year beginning on 1 January in a year—the March quarter of the year; and
(b) for a half-year beginning on 1 July in a year—the September quarter of the year.
12 Subsection 147(1)
Insert:
half-year means a period of 6 months beginning on 1 January or 1 July in any year.
13 Subsection 147(1)
Insert:
prescribed half-year means the half-year commencing on 1 January 2002 or a subsequent half-year.
14 Subsection 147(1) (definition of prescribed year)
Repeal the definition.
15 Subsection 147(2)
Omit “March quarter”, substitute “first quarter in a half-year”.
16 Subsection 148(1)
Omit “March quarter” (wherever occurring), substitute “first quarter”.
17 Subsection 148(1)
Omit “year” (wherever occurring), substitute “half-year”.
18 Subsection 148(2)
Omit “year”, substitute “half-year”.
19 Subsection 148(3)
Omit “year” (wherever occurring), substitute “half-year”.
20 Subsection 148(3)
Omit “March quarter” (wherever occurring), substitute “first quarter”.
21 Subsection 148(4)
Omit “year” (wherever occurring), substitute “half-year”.
22 Subsection 148(4)
Omit “30 June” (wherever occurring), substitute “30 June or 31 December (as the case requires)”.
23 Section 149
Omit “year” (wherever occurring), substitute “half-year”.
24 Subsection 150(1)
Omit “year” (wherever occurring), substitute “half-year”.
25 Section 150(2)
Omit “year”, substitute “half-year”.
26 Subsection 150(2)
Omit “16 June in the preceding year”, substitute “16 June or 16 December (as the case requires) in the preceding half-year”.
27 Subsection 150(3)
Omit “16 June in the preceding year”, substitute “16 June or 16 December (as the case requires) in the preceding half-year”.
28 Subsection 150(3)
Omit “30 June in the preceding year bears to 12”, substitute “30 June or 31 December (as the case requires) in the preceding half-year bears to 6”.
29 Subsection 153(1)
Omit “30 June in a year”, substitute “30 June or 31 December (as the case requires) in a half-year”.
30 Sections 153A and 153AAA
Repeal the sections.
31 At the end of section 168
Add: