Defence Legislation Amendment (Superannuation and ADF Cover) Act 2015 (120 of 2015)

Schedule 1   Main amendments

Part 1   Amendments

Defence Force Retirement and Death Benefits Act 1973

14   Subsection 23(1)

Repeal the subsection, substitute:

(1) A contributing member is entitled, on the member's retirement, to retirement pay at the rate applicable to the member under this section if:

(a) the member retires and is not entitled to invalidity benefit; and

(b) on the member's retirement:

(i) the member's total period of effective service is not less than 20 years; or

(ii) the member's total period of effective service is not less than 15 years and the member has attained the retiring age for the rank held by the member immediately before the member's retirement.