Adjustment of pension single non‑property owner AVL
59H Adjustment of pension single non‑property owner 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‑property owner AVL:
Start formula Pension single property owner AVL plus 2 times open square bracket Pension partnered non-property owner AVL minus Pension partnered property owner AVL close square bracket end formula
where:
pension partnered non‑property owner AVL is the current figure, as at that 1 July, for the pension partnered non‑property owner AVL.
pension partnered property owner AVL is the current figure, as at that 1 July, for the pension partnered property owner AVL.
pension single property owner AVL is the current figure, as at that 1 July, for the pension single property owner AVL.
This Act’s bill:Second reading speech
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