s. 46 46 Indexation (1) In this section— S. 46(1) amended by No. 49/1992 means the all groups consumer price index s. 106(a)(b), consumer price index number for all Capital substituted by Nos 110/1993 Cities published by the Commonwealth s. 135(1), Statistician in respect of the June quarter and 120/1994 s. 78. the December quarter for each year; means the half year ended prescribed half year 31 December 1987 or any subsequent half year ending on 30 June or 31 December in which the consumer price index is higher than the previous highest consumer price index in or since the half year ended 31 December 1987; in relation to a prescribed prescribed percentage half year after 31 December 1987 means the percentage calculated to two decimal places in accordance with the formula— where— "A" is the consumer price index number for the prescribed half year; "B" is the consumer price index number for the preceding prescribed half year. (2) A contributor's pension or deferred benefit under S. 46(2) amended by this Act other than basic benefits or benefits No. 49/1992 required to be increased with interest under the s. 106(c), substituted by regulations must— Nos 110/1993 s. 135(1), (a) in the case of a pension if it is then payable, 120/1994 s. 78. be increased on the payment of the first instalment of the pension in the month of December or June by an amount equal to one-sixth of the prescribed percentage (if any) for the preceding half year of the pension for every whole month or part of a
46 Indexation S. 46(1) amended by No. 49/1992 s. 106(a)(b), substituted by Nos 110/1993 s. 135(1), 120/1994 s. 78. (1) In this section— consumer price index means the all groups consumer price index number for all Capital Cities published by the Commonwealth Statistician in respect of the June quarter and the December quarter for each year; prescribed half year means the half year ended 31 December 1987 or any subsequent half year ending on 30 June or 31 December in which the consumer price index is higher than the previous highest consumer price index in or since the half year ended 31 December 1987; prescribed percentage in relation to a prescribed half year after 31 December 1987 means the percentage calculated to two decimal places in accordance with the formula— where— "A" is the consumer price index number for the prescribed half year; s. 46 "B" is the consumer price index number for the preceding prescribed half year. S. 46(2) amended by No. 49/1992 s. 106(c), substituted by Nos 110/1993 s. 135(1), 120/1994 s. 78. (2) A contributor's pension or deferred benefit under this Act other than basic benefits or benefits required to be increased with interest under the regulations must— (a) in the case of a pension if it is then payable, be increased on the payment of the first instalment of the pension in the month of December or June by an amount equal to one-sixth of the prescribed percentage (if any) for the preceding half year of the pension for every whole month or part of a