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Brief
The Defence Forces Retirement Benefits (Pension Increases) Act 1967 (the Act) provides for increases in pensions of certain eligible pensioners. The Act commenced on July 1, 1967, and includes provisions related to the application of increases to commuted pensions, adjustments in relation to previous increase, and re-engagement of pensioners. The Act also makes provision for increased rates of pensions payable to certain eligible pensioners, widows' pensions, and superannuation pensioners.
The Act defines key terms such as "eligible pensioner", "pension at current rate", and "notional rate of annual pay". It also provides that an increase in pension shall be paid into the Defence Forces Retirement Benefits Fund. The Commonwealth is required to pay amounts equal to the increases in pensions payable by virtue of this Act.
The Act has been amended several times, with some amendments having effect from July 1, 2014. This compilation includes all amendments up to Act No. 62, 2014, and was prepared on August 4, 2014.
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