Social Services Legislation Amendment (Miscellaneous Measures) Act 2016 (46 of 2016)
Schedule 6 Clarifying indexation of pharmaceutical allowance
Social Security Act 1991
13 Section 1206A
Repeal the section, substitute:
1206A Adjustment of certain pharmaceutical allowance rates
(1) This Act has effect as if, on 1 January each year, there were substituted for:
(a) the Pension PA "partnered" (item 2) rate; and
(b) the Pension PA "partnered" (item 5) rate;
the amount worked out by using the formula:
where:
Benefit PA "partnered" (item 2) rate is the current figure, as at that 1 January, for the Benefit PA"partnered" (item 2) rate.
Note 1: For current figure see subsection 20(1).
Note 2: The Benefit PA "partnered" (item 2) rate is indexed on each 1 January (see the CPI Indexation Table in section 1191 - item 31).
(2) This Act has effect as if, on 1 January each year, there were substituted for:
(a) the Pension PA "single" rate; and
(b) the Pension PA "illness separated or respite care" rate; and
(c) the Pension PA "partnered" (item 6) rate;
the amount worked out by using the formula:
where:
Benefit PA "partnered" (item 2) rate is the current figure, as at that 1 January, for the Benefit PA"partnered" (item 2) rate.
Note 1: The formula reflects the Benefit PA "partnered" (item 2) rate being multiplied by 26 to convert to a yearly amount and then being multiplied by 2 to convert from "partnered" to "single rate".
Note 2: For current figure see subsection 20(1).
Note 3: The Benefit PA "partnered" (item 2) rate is indexed on each 1 January (see the CPI Indexation Table in section 1191 - item 31).
(3) This Act has effect as if, on 1 January each year, there were substituted for:
(a) the Benefit PA "single" rate; and
(b) the Benefit PA "partnered" (item 7) rate; and
(c) the Benefit PA "illness separated or respite care" rate;
the amount worked out by using the formula:
where:
Benefit PA "partnered" (item 2) rate is the current figure, as at that 1 January, for the Benefit PA"partnered" (item 2) rate.
Note 1: For current figure see subsection 20(1).
Note 2: The Benefit PA "partnered" (item 2) rate is indexed on each 1 January (see the CPI Indexation Table in section 1191 - item 31).
(4) This Act has effect as if, on 1 January each year, there were substituted for:
(a) the PA (YA/AP) single rate; and
(b) the PA (YA/AP) (item 49G) rate; and
(c) the PA (YA/AP) (item 49J) rate;
the amount worked out by using the formula:
where:
PA (YA/AP) partnered (item 49F) rate means the current figure, as at that 1 January, for the PA (YA/AP) partnered (item 49F) rate.
Note 1: For current figure see subsection 20(1).
Note 2: The PA (YA/AP) partnered (item 49F) rate is indexed on each 1 January (see the CPI Indexation Table in section 1191 - item 33A).