Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Pensions under this Act are payable in fortnightly instalments.
(2) The amount of a fortnightly instalment of a pension is the sum of the daily amount of the pension for each day that is in the fortnight and is a day for which the pension was payable.
(3) The daily amount of the pension for a day is 1 / 365 of the annual amount of the pension, worked out using the annual rate of the pension on that day and rounded to the nearest cent (rounding half a cent upwards).