Section 1206A — Social Security Act 1991: 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).