Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1203

Adjustment of pension "single non-homeowner" AVL

                   This Act has effect as if, on 1 July each year, the amount worked out in accordance with the following formula were substituted for the pension "single" non-homeowner AVL:

where:

"partnered" homeowner AVL is the current figure, as at that 1 July, for the pension "partnered" homeowner AVL.

"partnered" non-homeowner AVL is the current figure, as at that 1 July, for the pension "partnered" non-homeowner AVL.

"single" homeowner AVL is the current figure, as at that 1 July, for the pension "single" homeowner AVL.



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