Superannuation Act (No. 2) 1951 (Cth)

SUPERANNUATION (No. 2).

No. 62 of 1951.

An Act to amend the Superannuation Act 1922-1950, as amended by the Superannuation Act 1951, and for other purposes.

[Assented to 11th December, 1951.]

BE it enacted by the King's Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, for the purpose of appropriating the grant originated in the House of Representatives, as follows:—

Short title and citation 1.—(1.) This Act may be cited as the Superannuation Act (No. 2) 1951. (2.) Section one of the Superannuation Act 1951 is amended by omitting sub-section (3.). (3.) The Superannuation Act 1922-1950, as amended by the Superannuation Act 1951 and by this Act, may be cited as the Superannuation Act 1922-1951. (4.) The Superannuation Act 1947-1950, as amended by this Act, may be cited as the Superannuation Act 1947-1951.

Commencement. 2. This Act shall come into operation on the day on which it receives the Royal Assent.

Increase of certain pensions. 3. Section thirty-one a of the Superannuation Act 1947-1950 is repealed. 4. After section fifty-eight of the Superannuation Act 1922-1950, as amended by the Superannuation Act 1951, the following section is inserted in Division 4 of Part IV.:—

Increase in certain pensions. "59.—(1.) The rate of pension payable to a person under either of the last two preceding sections (not being a pension for which contributions were made to a State Fund as defined by section sixty an of this Act) shall, subject to the next succeeding sub-section, be increased— (a) if the rate of the pension does not exceed Two hundred and sixty pounds per annum—by one-fifth; (b) if the rate of the pension exceeds Two hundred and sixty pounds per annum but does not exceed Six hundred and fifty pounds per annum—by Fifty-two pounds per annum; or