(1) Subject to this section, if:
(a) a person is entitled to a retiring allowance or annuity; and
(b) the person is or becomes a person in receipt of a salary, or an allowance in the nature of a salary, as:
(i) a member of the Parliament of a State (whether by virtue of holding some special position in that Parliament or not); or
(ii) a Minister of State of a State;
the rate of retiring allowance or annuity otherwise payable to the person is to be reduced by the rate of the salary or allowance, as the case requires.
(1AA) Subject to this section, if:
(a) a person is entitled to a retiring allowance or annuity; and
(b) the person is or becomes a person in receipt of a pension arising out of:
(i) former membership of the Parliament of a State (whether by virtue of holding some special position in that Parliament or not); or
(ii) having been a Minister of State of a State; and
(c) either:
(i) the person is in receipt of the pension immediately before the commencement of this subsection; or
(ii) the person is an eligible member (within the meaning of section 20A) who has not made an election under subsection 20A(1AC);
the rate of retiring allowance or annuity otherwise payable to the person is to be reduced by the rate of the pension.
(1A) References in subsection (1) or (1AA) to the Parliament of a State and to a Minister of State of a State shall be construed as including references to the Legislative Assembly for the Australian Capital Territory, the Legislative Assembly of the Northern Territory and to a Minister of the Australian Capital Territory or of the Northern Territory, respectively.
(2) Where the salary, allowance or pension by reference to which a reduction is to be made under subsection (1) or (1AA) is payable otherwise than at a periodical rate, the reduction of the retiring allowance or annuity under this Act shall be made to such extent and in such manner as the Trust determines.